Saturday, April 13, 2024
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Familyhan Credit

License of online lending firm revoked for contacting debtor’s contact list

The SEC said the act of “contacting the person in the borrower’s contact list other than those who were named as guarantors or co-makers shall constitute unfair debt collection practice.”

License of online lending firm revoked for contacting debtor’s contact list

The Securities and Exchange Commission (SEC) has revoked the Certificate of Authority (CA) of Familyhan Credit Corporation to operate as a lending company after it engaged in unfair debt collection practices.
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