September 20, 2019
SEC CDO CASE NO. 09-19-055
IN THE MATTER OF: CASH WHALE; CASH 100; CASHAFIN; CASHFLYER; CASHMAYA; CASHOPE; CASHWARM; CASHWOW; CREDITPESO; ET EASY LOAN; and PESO2GO
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT (EIPD), movant.
CEASE AND DESIST ORDER
This resolves the Motion for Issuance of a Cease and Desist Order (Motion) filed on 19 September 2019 by the Enforcement and Investor Protection Department (EIPD) praying to enjoin the operators and owners of the following online lending applications: CASH WHALE; CASH 100; CASHAFIN; CASHFLYER; CASHMAYA; CASHOPE; CASHWARM; CASHWOW; CREDITPESO; ET EASY LOAN; and PESO2GO (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. HTcADC
Based on the findings of the Corporate Governance and Finance Department (CGFD), the Online Lending Operators and the persons/entities operating them have not been issued Certificates of Authority to Operate as Lending Companies or Financing Companies (Annex "A" of the Motion).
Investigations conducted by the EIPD show and confirm the...
