Solon wants more powers for SEC to fight abusive debt collectors

Sep 24, 2026

MANILA, Philippines — A lawmaker is proposing the provision of more powers to the Securities and Exchange Commission (SEC) so that it can fight rogue online lending applications (OLA) and abusive debt collectors, amid numerous complaints filed before authorities. In a statement on Wednesday, Quezon City Rep. Patrick Michael Vargas said he has filed House

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