The Securities and Exchange Commission (SEC) continues its campaign against illegal lending by stamping out unregistered lending platforms available for download online. As of Jan 30, the Commission, with the assistance of Google Philippines, has caused the removal of 33 online lending platforms (OLPs) on Google Play Store, the SEC said in a statement. These OLPs have not been reported to the SEC, in violation of SEC Memorandum Circular No. 19, Series of 2019 (SEC MC 19), or the disclosure requirements on advertisements of financing companies and lending companies, and reporting of OLPs, it said. Under SEC MC 19, financing and lending companies are required to register their OLP...Keep on reading: SEC stamps out unregistered online lending apps