BSP, SEC to come up with policy vs. social media-based lenders
CEBU CITY – The Bangko Sentral ng Pilipinas (BSP) on Friday said it has been working closely with the Securities and Exchange Commission (SEC) in crafting a clear-cut policy against lenders who are offering loans using social media as a platform. Lawyer Elmore Capule, senior assistant governor and general counsel of BSP, said the central monetary board received information on individ...
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