Tuesday, April 16, 2024

Google takes down lending apps on orders of NPC

Following orders from the National Privacy Commission (NPC) to take down JuanHand, Pesopop, CashJeep, and Lemon Loan, the four online lending apps (OLAs) no longer appear and are now unavailable for download from the Google Play Store.

Photo from Freepik.com

The NPC has furnished copies to Google to remove them from Google Play Store for posing serious privacy risks to individuals who download the apps.

NPC chair Raymund Liboro cited the National Telecommunications Commission and Google’s action and urged other OLAs to use lawful and reasonable methods when processing data of loan applicants.

“For other OLAs, the NPC strongly urges you to employ know-your-customer (KYC) and debt collection practices that are aligned with NPC Circular No. 20-01, where we laid out guidelines on the processing of personal data for loan-related transactions,” he added.

In four separate orders, the NPC directed Wefund Lending Corp., Joywin Lending Investor Inc., Cash8 Lending Corp., and Populus Lending Corp. – operators of Juan Hand, Lemon Loan, CashJeep, and Pesopop, respectively – to stop the processing of their borrowers’ personal data.

JuanHand, Lemon Loan, CashJeep, and Pesopop’s processing of their borrowers’ information such as contacts, location, photos, media files, email, and social media data, pose serious privacy concerns that expose borrowers to privacy risks and harms, according to the privacy body.

The four lending apps had been downloaded a cumulative total of more than 2.1 million times from the Google Play Store. The NPC has opened a channel with Google’s regional office for the immediate execution of its orders.

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