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Date: July 10, 2022, 4:30 a.m.

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Date: 2022-07-11 11:03:52.000000

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Date: 2022-07-12 09:24:08.000000

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PREDATORY LENDING PRACTICES AND HARASSMENTS OF OLA - MONEYCAT FINANCING INC., MADALOAN, WOWPERA, ETC

Published by Securities and Exchange Commission(SEC) on July 10, 2022.
Requested from SEC by V. Aquino at 04:30 AM on July 10, 2022.
Purpose: REPORT FOR PREDATORY LENDING PRACTICES AND HARASSMENT
Date of Coverage: 06/01/2022 - 07/10/2022
Tracking no: #SEC-327026216981

J.MAGHIRANG July 10, 2022, 4:30 a.m.

Dear Sir / Ma'am, Good day! I would like to know where can I formally file a legal complaint to stop the operations of the following online lending applications for their unreasonable interest rates and harassments: 1. MONEYCAT FINANCING INC. - MONEYCAT 2. TREASURE BOWL FINTECH LENDING CORP. - WOWPERA 3. IFUN LENDING CORP. - MADALOAN 4. FLYING BEAR LENDING CORP. - YOPESO 5. COPPERSTONE LENDING INC. - MOCAMOCA 6. SINGULARITY LENDING INC. - LPESO 7. MYLOAN LENDING INVESTORS INC. - PESOCASH 8. WEFUND LENDING CORP. - JUANHAND Please let me know how and where to file a legal complaint.

I.GONZALES July 11, 2022, 11:03 a.m.

July 11, 2022 Dear Jewel Mae, Thank you for your request dated Jul 10, 2022 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for PREDATORY LENDING PRACTICES AND HARASSMENTS OF OLA - MONEYCAT FINANCING INC., MADALOAN, WOWPERA, ETC. We received your request on Jul 10, 2022 and will respond on or before Jul 30, 2022 04:30:47 AM, in accordance with the Executive Order's implementing rules and regulations. Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy0zMjcwMjYyMTY5ODEM, for request with ticket number #SEC-327026216981. Thank you. Respectfully, Isma Gonzales FOI Officer

A.GUMTANG- REMALANTE July 12, 2022, 9:24 a.m.

July 12, 2022 Dear Jewel Mae Maghirang, Greetings! Thank you for your request dated Jul 10, 2022 04:30:47 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Your Request You asked for PREDATORY LENDING PRACTICES AND HARASSMENTS OF OLA - MONEYCAT FINANCING INC., MADALOAN, WOWPERA, ETC. Response to Request To know more about the specific issues you have raised on the companies you mentioned in your request, you may file a formal complaint with us by following the instructions below: 1. To File a Formal Complaint Against a Lending or Financing Company Download and fill out the Complaint Form completely and accurately: https://www.sec.gov.ph/wp-content/uploads/2021/04/2021FORM_Updated-Complaint-Form.docx 2. Provide the necessary attachments, namely: a. relevant documents and evidence that will support your claim/s or allegation/s ( e.g. screenshots of text messages and conversations with the financing/lending company); b. loan agreement (if any); c. valid government-issued ID; and d. evidence/proof that you have exhausted all remedies against the company concerned before filing your complaint with the SEC, if any. 3. Indicate the following personal information of the complainant in the complaint form: a. personal e-mail address; b. personal contact number/s; and c. address (in the Philippines) where you may be furnished a copy of letter/s and order from the Commission. 4. Use the below format in the subject head of e-mail in sending the complaint form to [email protected]:
COMPLETE NAME_RESPONDENT COMPANY _SUBJECT OF COMPLAINT (ex: JUAN DELA CRUZ_ABC LENDING_DISCLOSURE STATEMENT VIOLATION) 5. Submit one complaint form per respondent company. For more information, refer to this link: http://www.sec.gov.ph/lending-companies-and-financing-companies/complaints/ https://www.sec.gov.ph/lending-companies-and-financing-companies-2/complaints/ Your right to request a review If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to Commission Secretary at [email protected]. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request. If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011). Thank you. Respectfully, Atty. Rachel Esther Gumtang- Remalante FOI Receiving Officer

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