He said Business Process Outsourcing companies included in the complaint were also doing activities that only the duly registered lending companies are allowed to do.
“Yung pagpa-process ng utang at pangongolekta part and parcel yan ng isang registered lending company kaya kinasuhan din natin sila ng paglabag sa Lending Company Regulation Act,” Leonardo explained.“Ito yung mga foreign nationals, particularly Chinese, ayon sa aming talaan, mga records, sila po ang nagpapatakbo, sila ang may-ari, at minsan ‘yung mga korporasyong involved dito,” he said.
Leonardo said if found guilty, they may be fined as much as P2 million and imprisoned of up to five years.The official also appealed to those who may have been victimized by abusive lending companies and their agents to seek help from the authorities. “Tayo ay nakikiusap sa ating mga kababayan na kung meron man kayong karanasan sa ganitong pamamahiya, pambabastos, harassment and abusive collection practices maghain lang po ng reklamo sa ating financing company and lending company division,” he said.
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