5-6 - updates

Rappler's latest stories on 5-6


SEC suspends 20 more lending firms

Apr 07, 2017 - 6:10 PM

The SEC previously suspended 84 lending companies for failing to obtain certificates of authority

Over 200 ‘5-6’ lenders applying for registration – SEC

Feb 28, 2017 - 6:25 PM

SEC chair Teresita Herbosa gives Finance Secretary Carlos Dominguez III an update on the SEC s investigation into 5 6 lenders in the country

'5-6' lending? Symptom of a larger problem

Jan 14, 2017 - 1:56 PM

Government ought not to mistake symptoms for our problems We won’t achieve 100 financial inclusion just because we arrest and deport all 5 6 lenders

#ThewRap: Things you need to know, January 11, 2017

Jan 11, 2017 - 11:40 AM

Hello Here s a roundup of news you need to know this Wednesday

US President Barack Obama speaks during his farewell address in Chicago, Illinois on January 10, 2017. Barack Obama closes the book on his presidency, with a farewell speech in Chicago that will try to lift supporters shaken by Donald Trump's shock election. / AFP PHOTO / Nicholas Kamm

'5-6' lenders will be arrested without warrant – DOJ

Jan 11, 2017 - 9:26 AM

The Justice Secretary cites violation of business requirements and tax fraud committed by lenders – a number of whom are Indians – as basis for the unwarranted arrest

ARREST WITHOUT WARRANT. Justice Secretary Vitaliano Aguirre threatens Indian 5-6 lenders that they will be arrested even without a court-issued warrant. File photo by Ben Nabong/Rappler

DTI seeks to stop '5-6' lending

Dec 05, 2016 - 1:15 AM

Starting 2017 the government will set aside P1 billion for lending to micro and small enterprises

ABOLISH 5-6. Trade Secretary Ramon Lopez vows to kill exorbitant '5-6' lending scheme. Photo by ALBERT ALCAIN/PPD