YESCOM LENDING-QUICK CASH LOAN, Inc.

Commission Securities and Exchange

BAGONG PILIPINAS

FINANCING AND LENDING COMPANIES DEPARTMENT

IN THE MATTER OF: YESCOM LENDING-QUICK CASH LOAN Respondent. OF 2021, AND FINANCIAL PRODUCTS AND FLCD CDO Case No. Series of 2025. CIRCULAR NO. 19, SERIES 0F 2019 MEMORANDUM CIRCULAR NO.1O,SERIES SERVICES CONSUMER PROTECTION ACT FOR:VIOLATION OF SEC MEMORANDUM L

CEASEANDDESISTORDER

Platform ("OLP") named YESCOM LENDING-QUICK CASH LOAN (the "RespOndent"). ("Commission" or "SEC") concerning the alleged operation of an unrecorded Online Lending This refers to the information received by the Securities and Exchange Commissior

ANTECEDENTS

which requires the reporting of any OLPs. disclosure was filed in accordance with Memorandum Circular No.19,Series of 2019 ("MC 19" A review of the Respondent's records on file with the Commission reveals that no

Respondent has been operating the OLP without proper disclosure, in violation of the following: Additionally, verified information received by the Commission confirms that the

MC 19 - Disclosure Requirements on Advertisements and Reporting of Online Lending Platforms;

Platforms; Moratorium on the Registration of New Online Lending Memorandum Circular No. 10, Series of 2021 ("MC 10")

Products and Services Consumer Protection Act ("FCPA"). Republic Act No. 11765, otherwise known as the Financial

ISSUE

Whether a Cease and Desist Order (CDO) should be issued against the Respondent for its violations of MC 19MC10,and the FCPA

RULING

Order against the Respondent is warranted and necessary. After due consideration, the Commission finds that the issuance of a Cease and Desist

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Yescom Lending-Quick Cash Loan RE: Cease and Desist Order Page 2 of 3

platform, the Respondent effectively circumvents the Commission's regulatory and supervisory including: authority.Consequently, the general public particularly borrowers are exposed to potential risks, of the above-cited regulations. By operating an unregistered and undisclosed online lending The Respondent's failure to disclose the operation of its OLP constitutes a clear violation

Abusive and unfair debt collection practices;

Unjust interest rates;

Violation of data privacy rights.

No.5, Series of 2023,the Commission is empowered to issue a CD0 without the necessity of a irreparable injury to financial consumers. prior hearing if, in its judgment, the act or practice, unless restrained, constitutes fraud, violates the FCPA or its Implementing Rules and Regulations (IRR), or may unjustly cause grave or Pursuant to Section 6(d)(4) of the FCPA, as implemented by SEC Memorandum Circular

"RULE 6

Powers of the SEC

against financial service providers for noncompliance with the Section 1. Powers of the Commission -- The Commission shall, FCPA, have the authority to impose enforcement actions FCPA, its IRR, and other applicable laws. in the implementation of these Rules and the provisions of the

Such enforcement actions may include:

the Commission's judgment, the act or practice, unless injury or prejudice to financial consumers. A CDO is immediately executory upon service or publication on the the SEC FCPA IRR, or may unjustly cause grave or irreparable Commission's website." (Emphasis supplied) "Issuance of a cease and desist order ('CDO') to a financial service provider without the necessity of a prior hearing if, in restrained, amounts to fraud or a violation of the FCPA and/or

finds it necessary to issue this Cease and Desist Order in order to prevent further harm or prejudice to the public, and to safeguard the integrity of the regulatory framework governing lending companies. In light of the Respondent's continued unauthorized operation of its OLP, the Commission

registration and approval from the Commission. related platforms or applications, whether online or offline, without the necessary owners, operators, promoters, representatives, agents, and any and all persons claiming or acting on its behalf,are hereby DIRECTED TO IMMEDIATELY CEASE AND DESIST from engaging in, conducting, promoting, or facilitating any lending-related activities or through any similar or WHEREFORE, premises considered, YESCOM LENDING-QUICK CASH LOAN including its

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Y-an. Yescom Lending-Quick Cash Loan RE: Cease and Desist Order Page 3 of 3 eeaae-X

LENDING-QUICK CASH LOAN. In view thereof, the public is hereby strongly advised NOT to transact with YEscoM

publication on the Commission's official website. Let this Order be served immediately and be deemed executory upon service or

SOORDERED

5 August 2025, Makati City.

FILBERT CATALINO FFLORES III, MNSA,CESO IV Director

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