+ Follow LENDING COMPANY REGULATION ACT Tag
LENDING COMPANY REGULATION ACT
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 941403
[Title] => SEC to lending firms: Comply with limits
[Summary] => Companies and entities engaged in handing out loans are now required to be more prudent in lending to related parties.
[DatePublished] => 2013-05-13 00:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1539221
[AuthorName] => Neil Jerome Morales
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 862725
[Title] => List of investment areas reserved for Pinoys expanded
[Summary] => An executive order (EO) seeking to expand the economic activities and investment areas reserved to Philippine nationals has been signed by President Aquino.
[DatePublished] => 2012-11-03 00:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1805309
[AuthorName] => Alexis Romero
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 306782
[Title] => CA stops SEC from implementing rules
[Summary] => The Court of Appeals has issued an order preventing the Securities and Exchange Commission from implementing its rules on the creation and regulation of lending companies on the ground that the issuance was not derived from an existing law.
The order was in response to the petition filed by Easton Credit Corp., seeking to enjoin the SEC from exercising regulatory authority over lending investors since there is still no law regulating the same.
[DatePublished] => 2005-11-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 266086
[Title] => SEC not keen on regulating lending companies
[Summary] => The Securities and Exchange Commission (SEC) is not too keen on a proposal giving it the authority to regulate lending companies as it intends to concentrate more on the development of the domestic capital market.
An SEC official, who requested not be named, said the commission prefers that the operations of lending investors be placed under the jurisdiction of another government agency to allow it to implement needed reforms to spur the equities market.
[DatePublished] => 2004-10-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 241486
[Title] => SEC to fine lending firms refusing to convert to financing companies
[Summary] => The Securities and Exchange Commission (SEC) will penalize lending institutions that still refuse to convert into financing companies as required under the Financing Company Act.
SEC Chairman Lilia R. Bautista said a mere 269 out of the total 10,885 registered lending investors have complied with the SEC order and have been granted licenses to operate as financing companies.
Two years ago, the lending investors were given until July last year to convert into financing companies or face sanctions from the SEC.
[DatePublished] => 2004-03-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 207097
[Title] => Lending firms may avoid mandatory conversion
[Summary] =>
Lending firms may not be obliged to convert into financing companies after all as the Lower House is poised to pass the Lending Company Regulation Act by June 6.
The bill, once signed into law, will lay down the minimum requirements and standards for the creation of lending firms.
Authored by Bacolod City Rep. Monico Puentevella, the bill seeks to regulate the establishment and operations of lending companies to protect the public against deceptive schemes and fly-by-night operators.
[DatePublished] => 2003-05-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 189282
[Title] => SEC warns public vs investment solicitors
[Summary] => Keeping a closer watch on the growing operations of non-bank lending institutions in the country, the Securities and Exchange Commission has warned the public against financing and lending firms that solicit investments from the public.
An SEC official said the commission has received reports that several lending and/or financing companies have gone beyond their required business activity by soliciting funds from the public with the promise of high yielding returns.
[DatePublished] => 2002-12-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
