PAOCC: Crackdown on Abusive Online Lending Apps Launched
Manila: The Presidential Anti-Organized Crime Commission (PAOCC) on Monday announced the formal launch of a major campaign aimed at addressing the surge in complaints against abusive online lending applications (OLAs). According to Philippines News Agency, PAOCC is coordinating with the Philippine National Police – Criminal Investigation and Detection Group (PNP-CIDG), the Securities and Exchange Commission (SEC), and the National Telecommunications Commission (NTC). This initiative follows directives from President Ferdinand R. Marcos Jr. to prioritize complaints against OLAs to ensure victims can obtain justice and access necessary legal remedies. PAOCC Executive Director Undersecretary Gilbert Cruz highlighted the severe impact of OLA