CEBU CITY–The Securities and Exchange Commission has ordered three more online lending firms to stop their illegal operations.
They are also required to delete or remove from the internet their promotional presentations and offerings, including the lending applications they operate. However, the Company Registration and Monitoring Department of SEC certified that Peso Tree, Pesoalo and Pinoy Cash Loan were not registered as corporations and we’re not issued the certificate of authority to operate as lending companies.
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