SEC Finalizes KingABC Lending’s License Revocation
Share some Bitpinas love:By Shiela BertilloThe Securities and Exchange Commission (SEC) has declared the revocation of the Certificate of Authority (CA) of KingABC Lending Corporation to operate as a lending company to be final and executory, after its involvement in unfair debt collection practices such as threatening to shame borrowers on social media.KingABC Lending Corporation is the operator of online lending platforms Pondo Loan, Start Loan, Green Loan, and Loan Club.Under a resolution dated on August 2, the SEC Corporate Governance and Finance Department (CGFD) denied the Motion for Reconsideration