Government starts crackdown on ‘5-6’, other informal lenders




Philippines - Filipino currency, Peso bank notes - photo by B.Henry

photo by B.Henry

The Securities and Exchange Commission (SEC), in an advisory, has launched a massive crackdown on informal lenders, especially those known as “5-6” or moneylenders charging extremely high interest on loans.

Please see screenshot below.

s1

s2

Download the full advisory HERE.

Share this post:

Related Posts

Leave a Reply