The National Privacy Commission (NPC) said it has imposed a ban on the processing of personal data against operators of 26 online lending applications, as part of the agency’s continuing crackdown on online lenders that resort to public shaming of borrowers.
In an Order for Summary Hearing published in three newspapers of general circulation, the NPC is ordering the board of directors behind the lending apps to appear before the agency to attend a summary hearing, submit their Responsive Comment, and present their defense.
The Philippines has formally joined the Cross-Border Privacy Rules (CBPR) System, a move seen to expand its trading opportunities within the Asia Pacific region by eliminating data-flow barriers when transacting with APEC member economies through the adoption of common standards for data privacy.
There's an estimated 124 fintech lenders in the Philippines comprising of 75 mobile apps, 40 Web-based, and five brick-and-mortar with tech platform. But less than half of these firms are registered with the government.
The Philippines and Singapore have agreed to share best practices in personal data protection and develop compatible mechanisms to facilitate trusted cross-border data flows including mutual recognition of comparable protection afforded by their respective laws.
The National Privacy Commission (NPC) has found three online lending firms -- Fast Cash Global Lending, Unipeso Lending Company, and Fynamics Lending -- liable for violations of the Data Privacy Act.
The Asean took a major step in harmonizing regional data protection, privacy regulations, and initiatives by launching the first Asean Data Protection and Privacy Forum in Bangkok, Thailand with the Philippines at the helm.
More than 2,000 DPOs from major government offices and leading businesses joined the National Privacy Commission's call to form a united front to strengthen the protection of peoples' personal data.
More than 2,000 DPOs from major government offices and leading businesses joined the National Privacy Commission’s call to form a united front to strengthen the protection of peoples’ personal data.
Over 400 complaints of alleged harassment and shaming by various mobile online lending operators have swamped the National Privacy Commission (NPC) recently, with borrowers crying foul over perceived reputational harm and abuse of their data privacy rights.
