The National Privacy Commission is investigating 48 lending companies after receiving 485 complaints of harassment, the Manila Bulletin reports. Borrowers allege they were publicly shamed when the lenders notified their contacts regarding unpaid loans. The companies, which are not publicly identified, are charged with inappropriate use of the borrower’s information, as well as sharing financial information with other people. If found responsible, the lenders may face a temporary or even permanent ban from operating and will be responsible for damages awarded to affected individuals by the NPC. Additionally, the claims could be sent to the Department of Justice for prosecution.
If you want to comment on this post, you need to login.