The Securities and Exchange Commission, which regulates the lending industry in the Philippines, just revoked the registration and operating license of Delisha Lending Investors and Trading Corp. The transfer has caused a lot of worry among people who use internet applications for their loans so as to obtain prompt cash.
The decision was made by the SEC on June 23, 2026, after authorities discovered that Delisha Lending was running several internet-based lending applications without informing authorities. The company also received complaints about years of non-compliance, such as the failure to pay annual fees, ignore regulatory instructions, and so on.
Why Did the SEC Shut Down Delisha Lending?
Delisha Lending partied on a “clumsy” pattern of regulatory infringements, regulators said, noting the infringements lasted over 10 years. The company’s lack of disclosure of the online lending platforms it operated was brought into focus while simultaneously continuing to provide financial services to the public.
Authorities also said that the company had built up unpaid duties with regulators from 2014 to 2025. The SEC stated that it revoked the Delisha registration and the authority to be a lending company due to ignoring multiple warnings and compliance orders, which reportedly failed to take the time to investigate the problem.
The crackdown is part of an ongoing trend by the SEC to bolster consumer protection and make the fast-growing digital lending market more transparent.
Four Online Lending Apps Affected
Borrowers’ top worry is in knowing which applications were connected with Delisha Lending. The firm was running multiple online lending platforms without informing regulators in its applications, regulators reported. These apps are affected:
Peso Cow – Mabilis Pera Loan
Peso Cow – “Mabilis Pera Loan” was touted as a “quick-cash lending platform” that provides loans to be approved in a jiffy and processed digitally. Current users of the service are urged to keep an eye on official announcements on future operations of the service.
Peso Cow
Also in the SEC’s findings was the standard Peso Cow platform. The app was popular amongst individuals who were in need of short-term expenditure and immediate financial aid.
Bingo Peso
Bingo Peso rose to a well-established name in online lending because it requires an easy application procedure. The platform is now one that is being impacted by the SEC’s enforcement action against Delisha Lending.
Kapit Cash
Similarly, Kapit Cash was identified as a part of the company’s “undisclosed” lending. Active borrowers might be interested in some details about the volume of their debt and how they must pay off after the regulatory change.
What Happens If You Have an Existing Loan?
The single false belief that many borrowers hold is that if the company was closed the debt is cancelled. Losing a license does not cancel legally entered into loan agreements.
The borrowers should keep records of payments, contracts, receipts and communications pertaining to their loans. Checking with regulators and consumer protection agencies for guidance on dealing with accounts that are in active status are also recommended.
In the event of ongoing collection activities, consumers should make sure any requests made adhere to Philippine lending laws and protection of data.
Why Does This Crackdown Matters?
The first thing to note is the SEC’s effort to demand transparency in the digital lending sector is part of a trend that has gained momentum. The demand for online lending platforms in the Philippines has been growing faster; however, regulation also has pointed fingers at various aspects of these platforms that are questionable, including the hidden ownership, unfair collection practices and lack of disclosure.
Authorities work toward consumer protection and responsible lending in companies while taking action on companies unable to comply with regulations.
The incident should serve as a cautionary tale to anyone thinking about taking out a loan from a lending company that they should check if it has a valid Certificate of Authority before entering personal information or signing loans.
How Borrowers Can Protect Themselves?
Consumers can look for any red flags by reading lending company reviews, private policies, and dollars and cents ratings immediately needed to apply for a loan.
Borrowers should steer clear of lenders who do not clearly disclose their ownership, make promises they cannot keep or use aggressive collection tactics. When looking for digital financial services, your best bet is to go with authorized, transparent lenders.
FAQs
Which online lending apps were affected in SEC’s crackdown?
The applications found on the list of the SEC are: Peso Cow – Mabilis Pera Loan, Peso Cow, Bingo Peso and Kapit Cash.
Why did the SEC take away Delisha Lending’s registration?
The SEC cited undisclosed online lending operations and lack of government fees and repeated failure to comply with government directions as reasons for the revocation.
Is there any significant change to a person’s privacy information?
If a borrower sees any of these announcements and is concerned about compromise of his data, he should be alerted and report any suspicious activity that he is seeing in his account or personal data.
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