SEC modifies penalties vs certain lending firms

Upgrade to High-Speed Internet for only ₱1499/month!

Enjoy up to 100 Mbps fiber broadband, perfect for browsing, streaming, and gaming.

Visit Suniway.ph to learn

December 20, 2025 | 12:00am

MANILA, Philippines — The Securities and Exchange Commission (SEC) has made changes to previously imposed penalties against certain  financing and lending firms.

In an advisory, the SEC stated that it has lifted, modified, or reversed previously imposed cease-and-desist orders, revocations and/or suspensions against various financing and lending companies.

These companies include Elending Lending Inc., Second Pay Financing Inc., Tekwang Lending Inc., Jia Financing Inc., Hupan Lending Technology Inc., Cashbee Lending Services Inc., Kayamo Atlas Lending Corp., Luckyshell Fintech Lending Corp., The Golden Legacy Financing Corp. and Just Smile Lending Corp.

Also included are Copperstone Lending Inc., which is doing business under the names and styles of Pesoforrest, Pococash, Blue Peso, Moca Moca, Peso Buffet, Load Cash and Quickla; Surity Cash Lending Investors  Corp. which is doing business under the name of Surity Cash; and Sumulong Financing Inc., which is doing business under the names and styles of GoPeso, FastPeso and Fundly.

The SEC said that all entities enumerated hold active registration in the commission’s records and are legally authorized to operate as financing and/or lending companies, subject to continued compliance with the Financing Company Act, Lending Company Regulation Act, Financial Products and Services Consumer Protection Act and all applicable SEC rules, regulations and issuances.

“For clarity, the lifting, modification or reversal of the foregoing penalties does not extinguish the rights of existing or former borrowers, nor does it preclude the filing, investigation or resolution of complaints arising from any violation committed by the said entities,” the commission said.

The SEC is urging the public to remain vigilant and immediately report any unfair debt collection practices, misrepresentation, harassment, unauthorized disclosure of personal information, overcharging or other  prohibited acts to the commission.