The Philippine Securities and Exchange Commission suspended Golden Alliance Credit Corporation’s certificate of authority to operate as a lending company for 60 days after finding three violations involving nonpayment of annual licensing fees. The company must cease all lending operations during the suspension and pay administrative fines totaling PHP 110,100. The regulator issued a final warning that further violations of lending, corporate or other commission rules could result in stronger sanctions, including revocation of the company’s lending license.
2026-08-10Philippine Securities and Exchange Commission
Philippine Securities and Exchange Commission suspends Golden Alliance Credit’s lending license for 60 days
The Philippine Securities and Exchange Commission suspended Golden Alliance Credit Corporation’s lending license for 60 days over three annual fee violations. The company must halt lending operations during the suspension and pay PHP 110,100 in fines, with further breaches potentially resulting in license revocation.