Push Admin

Online lenders warned against 'debt-shaming'

Article (news)

Warren de Guzman, ABS-CBN News

MANILA – Online lending operators who violate data privacy laws through public shaming may face fines and jail time, the National Privacy Commission said Friday.Creditors who violate data privacy laws through &quot;debt-shaming&quot; may face up to 7 years in jail and may be asked to pay fines of up to P5 million, NPC commissioner Raymund Liboro said.Formal charges have been filed against the operators of 3 online lending firms. They were given 10 days to submit a formal answer, Liboro said.Complaints against PondoPeso Online Lending operator Fynamics Lending, Cashlending Online operator Unipeso Lending Company and Fast Cash Online Lending operator Cash Global Lending account for two thirds of the total record this year, the NPC said.Complaints include the use of contact list or phone directory without consent, disclosure of unwarranted or false information to other person, use of personal information for harassment and the unduly intrusive personal data processing, the NPC said.&quot;Biggest danger dito, damage to the person is permanent... May mga nawalan ng trabaho. Even their employability is now in jeopardy,&quot; Liboro said.(The danger here is the damage to the person is permanent... Some lost their jobs. Even their employability is now in jeopardy.)&quot;Once ikaw ang mabigyan ng judgement, judgement of the mob, napakamahirap na,&quot; he said.(It&#x27;s difficult once the mob has judged you.)The NPC earlier said it would work with other agencies to address the spike in complaints against &quot;debt-shaming&quot; by online lenders if borrowers if were remiss in loan payments.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/video/business/07/11/19/privacy-watchdog-looking-into-debt-shaming-allegations-by-online-lending-apps">Privacy watchdog looking into debt-shaming allegations by online lending apps</a></li></ul>The public should be careful when using online apps that ask for &quot;dangerous permissions&quot; that provide lenders with access to their location, phonebook, social media accounts and even camera controls in exchange for cash, Liboro said.As of Aug. 31, 921 formal complaints were filed against online lenders, data from the NPC showed.

Creditors who violate data privacy laws through "debt-shaming" may face up to 7 years in jail and may be asked to pay fines of up to P5 million, NPC commissioner Raymund Liboro said.

Creditors who violate data privacy laws through "debt-shaming" may face up to 7 years in jail and may be asked to pay fines of up to P5 million, NPC commissioner Raymund Liboro said.

Online lenders warned against 'debt-shaming'

News

Entertainment

Lifestyle

Sports

Metro.Style

More

Sudoku

Word of the Day

Lotto

Horoscope

Business

Online lenders warned against 'debt-shaming'

Warren de Guzman,

ABS-CBN News

Published September 06, 2019 12:40 PM PHT

|

Updated September 06, 2019 04:52 PM PHT

Read More:

Online lending

National Privacy Commission

NPC

debt-shaming

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.