We, UOVM INCORPORATED (United OLA Victims Movement, Inc.) together with FOLS VIP (Fight Online Loan Sharks VIP) are an organization with a mission to help our fellow Filipinos against unfair debt collection practices from online lending apps also known as OLA. We help educate and inform their fami Contact online >>
We, UOVM INCORPORATED (United OLA Victims Movement, Inc.) together with FOLS VIP (Fight Online Loan Sharks VIP) are an organization with a mission to help our fellow Filipinos against unfair debt collection practices from online lending apps also known as OLA. We help educate and inform their families, friends, and relatives about such.
Online Lending Apps or Online Lending Platforms have been operating in the Philippines for quite some time and enticed many fellow Filipinos with financial needs. However, these lending companies have been practicing unfair debt collection which includes invasion of privacy by accessing personal data and phone contacts.
Our members have been continuously receiving harassments through calls, texts and emails. These entities, referred to as OLAs, are involved in illicit practices concerning interest rates and debt collection. A few examples of harassment are the following:
These are just some examples of the harassment that the victims of the OLA Community experience almost everyday. We hope that you join us in our fight to STOP the operations of these Illegal Lending Companies.
We, the citizens of the Philippines is signing this petition to appeal to your office to ask for immediate assistance.
There are a lot of Filipino people who have been victimized by online lending apps namely PondoPeso, UPESO, Crazy loan, Handyloan/Cashlending, Paghiram, Pera4u, PeraLending, Cashwagon, MFCash, One Cash, Super Cash, Fastcash/FastLoan/Goodloan/PesoCash, Atome, Peso2Go, Asteria, OnlineLoansPilipinas (a.ka. Moola Lending), Pesoloan, PondoLoan.
Who suffered from humiliations, depression, and believed that their right to privacy has been compromised. There phone contacts has been utilized as collateral informing them about there debts without knowledge and consent to the borrower– falls under Republic Act No. 10173 (Data Privacy Act of 2012). They have been harassed and have been receiving numerous phone calls all day and have been receiving threatening messages everyday (evidences can be provided).
In line with this, they already filed a complaint before at National Privacy Commission (NPC) and Securities and Exchange Commission (SEC). We believe that this has been a known issue for many months and until now no evident action has been taken off to stop these online lending apps from sending unethical messages to all the borrower's contact list. We hereby asking your good office that we may find assistance and justice against these heartless online lending apps.
Up to date, all of the victims are still suffering from depression, emotional & mental stress, living in fear that one day there faces will be presented in all social media platforms as debtors and be scrutinized by people who don't know the real story as they are only victims of these online lending apps.
They indeed have an obligation that they owe these online lending apps a certain amount of money but because of what they did (invasion of privacy), no amount of money can repay the humiliation and depression they continuously suffered until today. Not to mention all the high interests these online lending apps adding to the money that they owe them. As the victims, they are having a hard time coping up repaying the owing balance due to the astronomical interest applied.
Immediate assistance and response to this petition will be highly appreciated. Thank you.
Harassment by agents: https://
Pondo peso scam: https://
Fb group for Luzon, Visayas and Mindanao: https://
Fb group Cebu victims: https://
The National Privacy Commission (NPC) has concluded its investigation on three major online lending companies in the country for alleged public shaming of borrowers and has found that their operators may be liable for imprisonment of up to 7 years and fines of not more than P5 Million under the Data Privacy Act of 2012 (DPA).
In a press briefing today, Privacy Commissioner Raymund Enriquez Liboro made available to journalists copies of the fact-finding reports filed by NPC investigators on online lending firms Fast Cash Global Lending, Inc., Unipeso Lending Company, Inc., and Fynamics Lending Inc., which recommended among others, the criminal prosecution of their board members for violating sections 25, 28, 31 and 32 of the DPA.
"The investigation determined that their business practice specifically targets the privacy of persons, practically making a profit out of people''s fear of losing face and dignity. These unethical practices simply have no place in a civilized society and must stop," Liboro said.
As of July 31, the number of complaints filed against Fast Cash Global Lending, Inc., which operates Fast Cash online app, has reached 166. Charges have been filed against its directors and board members to be Kellon De Jesus Manalastas, Tiancai Huang, John Christian P. Sia, Jovy Co Ting, and Zichao Su.
The number of complaints filed against Unipeso Lending Company, Inc., which operates Cashlending online app, has reached 138. Charged before the Commission are its executives Haolong Li, Guanqun Luo, Flordeluna Rosell, Rizza Mae Lorilla, and Renyvic Duquiatan.
Complaints against Fynamics Lending Inc., which operates PondoPeso online app, have reached 133. Charges have been filed against its responsible officers Meng Li, Changjin Wang, Kwinnie Mae Fianza, Jacquielyn Chua Garrido, Helen Joy Amican de Luna, and Bernard B. Salvacion, Jr.
The fact-finding reports gave the Commission sufficient grounds to establish that the three lending companies have not complied with legal requirements for processing personal data; failed to adhere to the principles of transparency, legitimate purpose and proportionality; and committed unauthorized processing; processing for unauthorized purpose; malicious disclosure; and unauthorized disclosure.
"Report found that the penalties inflicted on borrowers by these online lenders are abusive. The public shaming they carried out, has caused anxiety, depression; some have even lost jobs and feel they became unemployable, that their reputation and future was put in jeopardy. The permanence of these damages is disproportionate to the mere delinquency in paying debts, sometimes as low as one thousand pesos," Liboro said.
The NPC has ordered the executives behind the online lending apps 10 days upon receipt of an Order to File an Answer, to explain before the Commission the allegations contained in the fact-finding reports. If the respondents failed to do so without justification, the NPC would then make its final decision based on available evidence and information provided in said reports.
Aside from criminal prosecution, the NPC fact-finding team has also recommended issuing a temporary or permanent ban on the processing of personal data by the lending firms, as urgently required by public interest; as well as the issuance of compliance orders against them.
Evident from the complaints are common statements from data subjects conveying how downloading these applications lead to a disruption in their lives and those of others, in violation of individual rights and freedoms.
<>"We would like to caution the people on downloading mobiles applications, particularly online lending application. Please read the terms and conditions carefully, for it may include dangerous permissions such as access to your live location, phone books and social media account, and even camera control. Let us be responsible for our safety and the protection of our personal data," Liboro said.
The NPC intends to have the apps of the three online lending operators be taken down from the Google Play Store. For this, the agency is now coordinating with the Federal Trade Commission through the Cross-border Privacy Enforcement Arrangement.
From July 6, 2018, to July 31, 2019, the NPC received a total of 689 complaints against several online lending applications. They comprise around 55% of the total complaints filed with the NPC. This total number does not include around 2,666 similar concerns the NPC received via email and social media, which were not filed as formal complaints. With these in consideration, the NPC on its own initiative conducted the investigation.
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