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As recommended by the Securities and Exchange Commission (SEC), Google will now require developers of apps offering lending services to submit a personal loan app declaration indicating that they have the necessary documents from SEC before they release apps on the Google Play Store, effective May 11, 2022. The commission has been coordinating with Google since 2019 and has taken down illegal lending apps and revoked over 2,000 certificates of registration of lending and financing companies due to a lack of supporting documents. Read more in our articles including "PH‑SEC Avisoran: Unregistered Cryptocurrency Platform Warnings" and "Google strengthens Play Store screening for lending apps in the Philippines".

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What is SECURITIES AND EXCHANGE COMMISSION?

As recommended by the Securities and Exchange Commission (SEC), Google will now require developers of apps offering lending services to submit a personal loan app declaration indicating that they have the necessary documents from SEC before they release apps on the Google Play Store, effective May 11, 2022. The commission has been coordinating with Google since 2019 and has taken down illegal lending apps and revoked over 2,000 certificates of registration of lending and financing companies due to a lack of supporting documents.

Where can I find articles about SECURITIES AND EXCHANGE COMMISSION?

Our coverage of SECURITIES AND EXCHANGE COMMISSION includes: "PH‑SEC Avisoran: Unregistered Cryptocurrency Platform Warnings"; "Google strengthens Play Store screening for lending apps in the Philippines"; "OnePlus Watch Lite now official". Each article provides unique insights and information.