Upfront cost disclosures and digital borrower verification form part of platform’s lending practices
MANILA, Philippines — As new Securities and Exchange Commission (SEC) rules reshape the Philippines’ financing and lending sector, MocaMoca is highlighting the measures it has put in place to make borrowing more transparent and secure.
MocaMoca, operated by Copperstone Lending Inc., continues to operate with active SEC registration and legal authorization as a financing and lending company, subject to continued compliance with applicable laws and regulations.
The company’s regulatory status comes as the SEC implements Memorandum Circular No. 20 (MC 20), Series of 2026, which took effect August 1.
The memorandum, issued July 7, lifts the SEC’s nearly five-year moratorium on new online lending platforms and establishes stricter requirements covering disclosure, prudential safeguards and market conduct.
The SEC has said the stronger framework is intended to address unfair lending practices while creating a more secure environment for legitimate businesses and consumers.
SEC Chairperson Francis Lim said the Commission would “not tolerate the proliferation of predatory and unfair lending practices,” while seeking an environment where “legitimate businesses and Filipino consumers can thrive.”
MocaMoca’s lending process incorporates several safeguards focused on transparency and borrower protection.
Before confirming a loan, borrowers are provided with information on applicable fees and the total cost of borrowing. No hidden charges are added after confirmation.
The platform also uses a fully digital borrower verification process based on a single valid government-issued ID, helping reduce the possibility of fraudulent or duplicate accounts.
Collections are conducted under a fair-conduct standard consistent with the Truth in Lending Act. MocaMoca also works with industry groups such as the Fintech Philippines Association to contribute to discussions around responsible lending and borrower protection.
“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.
The SEC continues to encourage borrowers to remain vigilant and report unfair lending practices.
MocaMoca supports the regulator’s call and remains committed to transparent lending and consumer protection as it continues to serve borrowers nationwide.