The Securities and Exchange Commission (SEC) has ordered three firms -- Peso Tree, Pesoalo, and Pinoy Cash Loan -- to stop offering loans to the public through their online platforms because they lacked the necessary licenses.
The SEC found that the online lending operators were not issued the necessary certificates of authority to operate as lending companies nor had pending applications for such.
With Bloomberg's repo platform in place, repo counterparties now have a standardized calculation and communication platform with complete transparency of collateral details.
