CREDITABLE LENDING CORPORATION

Exchange Securities and Commission INE

BAGONG PILIPINAS

FINANCING AND LENDING COMPANIES DEPARTMENT

IN THE MATTER OF: FinLenD CDO Case No. C

Series of 2025.

hr@easypeso.ph E-mail: natalie@easypeso.ph; CREDITABLE LENDING CORPORATION Unit 7-1, Net Cube Plaza, 30th St. Cor 3rd Ave, Brgy. Fort Bonifacio, 1634, Taguig City Philippines (Certificate CS201817516;CA No2749) of Registration No: FOR: VIOLATION OF THE SEC MEMORANDUM FINANCIAL IMPLEMENTING RULES AND REGULATIONS. CIRCULAR CONSUMER NO.18,SERIES OF2019,AND PROTECTION PRODUCTS AND ACT AND SERVICES ITS

Respondent.

X

CEASEANDDESISTORDER

the Regional Trial Court, Manila, regarding the alleged engagement of the Respondent in unfair debt collection practices. (WSSECD) No. 25-36200 issued by Hon. Rainelda H. Estacio-Montesa, Presiding Judge of the Branch 46 of This refers to the implementation of the Warrant to Search, Seize and Examine Computer Data

Antecedents

and Certificate of Authority No. 2749, with "Easypeso" as its disclosed Online Lending Application. Its primary purpose is: The Respondent is a registered lending corporation under SEC Registration No. CS CS201817516

"to engage in business as lending investor, and to such extent, grant, lend money to persons and/or entities, whether private or public, in the form or loans/credit. without however engaging in the business of pawnbroking shall be sourced from not more than nineteen (19) lenders including shareholders

of such messages were also found during the implementation, constituting a clear violation of their borrowers by sending threatening messages to the borrowers and even their contacts. Printed drafts agencies, implemented the WSSECD, and a plain-view inspection of the desktop monitors/screens revealed that the employees of the Respondent were employing abusive collection or debt recovery practices against Memorandum Circular 18,series of 2019,the FCPA,and its SEC FCPA-Implementing Rules and Regulations. On July 15, 2025, the Securities and Exchange Commission (SEC), together with other enforcement

Issue

violation of MC 18, and the FCPA and its SEC FCPA-IRR Whether a Cease and Desist Order should be issued against the Respondent on account of its

Ruling

The Commission finds issuing a Cease and Desist Order against the Respondent warranted.

cease and desist order without the necessity of a prior hearing if in the Commission's judgment, the act 6(d)(4) of the FCPA, as implemented by MC No. 05, Series of 2023, authorizes the Commission to issue a To ensure that the Commission is able to perform the mandate and to protect the public, Section

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RE: Cease and Desist Orde Creditable Lending Corporation

FCPA IRR, or may unjustly cause grave or irreparable injury or prejudice to financial consumers, to wit: or practice, unless restrained, amounts to fraud or a violation of the provisions of the FCPA and/or the SEC

Powers of the SEC "RULE 6

of these Rules and the provisions of the FCPA, have the following powers: Section 1. Powers of the Commission, -- The Commission shall, in the implementation

D.Enforcement. The Commission shall have the authority to impose enforcement of the FCPA, SEC FCPA IRR, and other existing laws pertinent to the jurisdiction actions against financial service providers for noncompliance with the provisions and authority of the Commission.

Such enforcement actions may include the following:

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

and its IRR but also will unjustly cause grave or irreparable injury or prejudice to its borrowers. This has been substantially proven during the implementation of the search and seizure warrant in question The unfair debt collection practices of the Respondent not only violate the provisions of the FCPA

"Easypeso" including its owners, operators, promoters, representatives, agents, AND ANY AND ALL PERSONS CLAIMING AND ACTING FOR AND,IN THEIR BEHALF, are hereby DIRECTED to immediately CEASE AND DESIST from engaging in, carrying out, promoting and facilitating any lending activity or transaction. WHEREFORE, premises COnsidered,CREDITABLE LENDING CORPORATION and its OLP

SO ORDERED.

July 2025, Makati City.

AG ATTY. KENNETH OIC-Diredtar JOA.QUIMIO

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