In re A&V Lending Mobile

October 10, 2019SEC CDO CASE NO. 10-19-057IN THE MATTER OF: A&V LENDING MOBILE; A&V LENDING INVESTOR; A.V. LENDING CORPORATION; CASHAKU; CASHASO; CASHENERGY; HAPPY LOAN; PESO PAGASA; VITO LENDING CORP.; PHILY KREDIT; RAINBOW-CASH; and RAINBOWCASH.PH LENDING CORP.ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT (EIPD), movant.CEASE AND DESIST ORDERThis resolves the Motion for Issuance of a Cease and Desist Order (Motion) filed on 09 October 2019 by the Enforcement and Investor Protection Department (EIPD) praying to enjoin the operators and owners of the following online lending applications: A&V LENDING MOBILE, CASHAKU, CASHASO, CASHENERGY, HAPPY LOAN, PESO PAGASA, PHILY KREDIT, RAINBOW CASH, A&V LENDING INVESTOR, A.V. LENDING CORPORATION, VITO LENDING CORP., and RAINBOWCASH.PH LENDING CORP. (collectively referred to as the "Online Lending Operators"), their agents, representatives and promoters, as well as the owners of the hosting sites of the Online Lending Operators, from operating, engaging in, carrying out and/or promoting lending/financing business. Based on the findings of the Corporate Governance and Finance Department (CGFD), the Online Lending Operators and the persons/entities operating them are not registered as a corporation or...