Friday, June 14, 2024
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Securities and Exchange Commission

License of online lender revoked for unlawful debt collection practices

The Securities and Exchange Commission (SEC) has revoked with finality the license of Populus Lending Corporation to operate as a lending corporation for unlawful debt collection practices and failure to disclose its online lending platforms (OLPs) to the agency.

SEC readies online submission tool for financial docs, reports

The SEC said it will no longer accept submissions made through email, mail or courier, and provide drop boxes in its offices once the online submission tool (OST) goes live.
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