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. The Supreme Court (SC) has officially denied the National Telecommunications Commission's (NTC) petition to lower SMS message rates to PHP 0.80 and refund subscribers. 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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May 19, 2026As 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.
The Supreme Court (SC) has officially denied the National Telecommunications Commission's (NTC) petition to lower SMS message rates to PHP 0.80 and refund subscribers.
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"; "JBL Celebrates 80 Years with New PartyBox Speakers, EasySing Karaoke Gear, Gaming Headsets, and more in PH". Each article provides unique insights and information.