Active SEC-registered platform says new rules reinforce responsible practices already in place
MANILA, Philippines — The Philippine digital lending industry is entering a more closely regulated phase, and MocaMoca says the Securities and Exchange Commission’s (SEC) strengthened framework reinforces the importance of responsible, transparent lending.
MocaMoca, operated by Copperstone Lending Inc., continues to hold active SEC registration and remains legally authorized to operate as a financing and lending company, subject to continued compliance with applicable laws and SEC regulations.
The company’s regulatory standing comes as the SEC implements Memorandum Circular No. 20 (MC 20), Series of 2026, which took effect on August 1.
The memorandum lifts the SEC’s nearly five-year moratorium on new online lending platforms and establishes enhanced requirements covering disclosure, prudential standards and market conduct.
In its advisory, the SEC confirmed that Copperstone Lending Inc. and other companies covered by the notice “hold active registration in the Commission’s records and are legally authorized to operate as financing and/or lending companies,” subject to continued compliance with relevant laws and regulations.
The new framework reflects the regulator’s broader effort to distinguish responsible lending providers from practices that can put consumers at risk.
SEC Chairperson Francis Lim said the Commission would “not tolerate the proliferation of predatory and unfair lending practices,” while aiming to build an environment where “legitimate businesses and Filipino consumers can thrive.”
MocaMoca says this direction is consistent with how it has approached its lending operations.
Its platform discloses fees and total borrowing costs before borrowers confirm a loan. Its digital verification process is based on a single valid government-issued ID, helping minimize fraudulent or duplicate accounts.
The company also follows fair-conduct standards for collections consistent with the Truth in Lending Act and continues to participate in industry discussions through organizations such as the Fintech Philippines Association.
“Our legal standing with the SEC reflects the same discipline we’ve built into MocaMoca from day one. And the new SEC rule formalizes much of what we were already practicing, and we see it as a validation of the direction that the industry needs to move in,” said David Balamon, CEO of Copperstone Lending Inc.
As the sector moves into a new regulatory environment, the SEC has encouraged the public to report unfair lending practices.
MocaMoca supports the regulator’s efforts and remains focused on responsible growth and consumer protection.