Senate Majority Leader Joel Villanueva has filed a resolution calling for an investigation into unauthorized and unregistered online lending platforms in the Philippines. Villanueva expressed concern over the increase in abusive collection and debt recovery practices by some companies, which have victimized vulnerable Filipinos. He emphasized the need to protect consumers and put an end to inhumane and unethical practices. Villanueva also raised issues of increased interest rates, privacy violations, and the violation of consumer protection laws. He stressed the importance of fair treatment and dignity for debtors, calling for measures to ensure that consumers only transact with registered and authorized online lending companies.
