Dumaraming reklamo laban sa umano'y pang-ha-harass ng mga nagpapautang, binusisi sa Senado

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Transcript

00:00The Senate blamed the online lending applications and other ways of lending that are home to harassment and threats to those in debt.

00:12This is what Daniel Manalastas reported.

00:17It is said that the most difficult person to forget is the person who has not yet paid his debt.

00:23But the problem, based on the complaints received by the Senators, is that some cases have reached the point of threats and harassment

00:31because of the debt that is not being paid on time.

00:35Although I still believe that the debt should be paid, of course, but there are ways to pay off the debt,

00:45not what we will go through in a rush.

00:49We have reports that they are sending death corollas and bullets to force people to pay.

00:57Based on the information released by Senator Sherwin Gatchalian,

01:00it is now easy for a person to get into debt just by texting.

01:06But in return, if you are not able to pay, you will also face threats and harassment.

01:12Gatchalian said that it is easy to set up online lending applications.

01:18Is there a qualification in terms of capitalization?

01:22Yes, sir. For ordinary...

01:26For OLA.

01:26For OLA, there is none.

01:28That's the problem because anyone can put up an OLA.

01:32Any Poncio Pilato can set up an OLA because there is no minimum capitalization.

01:40SEC is in the process of revisiting the two antiquated laws.

01:45Actually, sir, there is a TWG form for revisiting the financing law and the lending law.

01:54And we are planning to codify the provisions.

01:59According to PACOC, they have many clients who are also accepting online lending applications.

02:06They are continuing to pursue this.

02:08Their faces are posted on pornographic videos.

02:13They are spreading it.

02:15We have a victim who was able to talk and was sent to funeral services.

02:22We have a victim who was sent to...

02:26She was spread that she has a warrant of arrest from PNP-CIDG.

02:32There is, sir...

02:33There is?

02:33Yes, there is a department in charge of coordinating with PACOC and NBI.

02:41It is expected that there will be a next hearing.

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