SEC Advisories on Lending Apps - Running Tracker
Every SEC advisory on Philippine lending apps from August 2025 to August 2026, in one place. Each wave named names, cited grounds, and triggered actions. This tracker is the chronological index to our coverage.
The six enforcement waves
| # | Date | Action | Target | Ground |
|---|---|---|---|---|
| 1 | Aug 15, 2025 | CDOs against 7 apps | Cash Konek, Pesosuki, + 5 more | Unregistered; moratorium breach |
| 2 | Dec 2025-Jan 2026 | Public warning on 22 illegal apps | 21 unique names on Google Play | Unregistered |
| 3 | Feb 2026 | CDO against a corporation | Umeta Credit Lending Corp. | Unrecorded platforms; collection abuse |
| 4 | Mar 2026 | Second advisory; 50+ store removals | 6 unregistered apps, 13 fake clones, 6 websites | Unregistered; impersonation |
| 5 | Jun 13, 2026 | Impersonation warnings | Perasayo.com; Tala fakes; Finpine; Zippeso; Mabilis fakes | Impersonation; phishing |
| 6 | Jun 15, 2026 | Revocation order | Delisha Lending Corp. — 4 apps | Undisclosed platforms; reportorial violations |
The named pages and fake apps
Each wave has its own page with the full detail: SEC closes 7 apps, SEC blocks 4 more, 22 illegal apps.
The pattern across all waves
The enforcement arc runs from CDO (stop operating) to revocation (lose your license) to criminal referral (DOJ). The June 2023 Pera4U orders and the March 2026 Digido fine show the escalation path. The moratorium lift in August 2026 opens the market to new registrants; the advisory machine keeps running.
Frequently asked questions
How often does the SEC issue lending advisories?
Roughly monthly during active enforcement periods. The 2025-2026 cycle produced six major actions in twelve months.
What grounds does the SEC cite?
Three dominant grounds: unregistered operation, undisclosed platforms, and abusive collection. The mass revocations cite reportorial failures.
What each wave means for you
Wave 1 set the template: named apps, named grounds, public orders. Wave 2 showed the scale of the unregistered market. Wave 3 proved that collection abuse alone triggers enforcement. Wave 4 showed the SEC working with Google and Apple. Wave 5 warned that fake apps use registered brands. Wave 6 completed the escalation from CDO to full revocation.
Sources used for this review
- newspress.ph reprints; fintechphil.com; respicio.ph; Business Inquirer; Philstar; context.ph
- The enforcement record is the borrower’s best protection: every named app, every CDO, every revocation is a public action you can verify. The tracker is updated within 24 to 48 hours of each new advisory. Checked September 16, 2026.