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  • SEC fines Home Credit P50,000 over unfair debt collection practices

    SEC fines Home Credit P50,000 over unfair debt collection practices

    MANILA — The Securities and Exchange Commission (SEC) has imposed a PHP50,000 fine on HC Consumer Finance Philippines Inc., or Home Credit, for what it described as unfair debt collection practices involving the use of individuals not named as guarantors or co-makers in loan agreements. In a statement on Wednesday, the SEC said its Financing…