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October 03, 2023

Lending firm Tala Financing Philippines backs government’s crackdown on predatory lenders

Tala Financing Philippines Inc. (TFPI) voices its support for the government’s efforts to address predatory lending practices.

The lending firm emphasized its commitment to ethical and responsible lending while ensuring secure and affordable financial services for underserved populations.

TFPI condemns the actions of illegal lenders and pledges to collaborate with regulators and stakeholders to promote fair and transparent terms, as well as protect borrower data.

TFPI is among the 72 registered financing and lending company recognized by the Securities and Exchange Commission as of June 2020 and one of the 254 registered operators of payment systems with the Bangko Sentral ng Pilipinas.

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