Platform says transparency, digital verification and fair collections are already built into its operations
MANILA, Philippines — With the Securities and Exchange Commission (SEC) strengthening safeguards across the lending industry, MocaMoca is highlighting the consumer protection practices embedded in its operations as it continues to operate under active SEC registration.
MocaMoca is operated by Copperstone Lending Inc., which the SEC has confirmed holds active registration in its records and is legally authorized to operate as a financing and lending company, subject to continued compliance with applicable laws and regulations.
The confirmation comes as the SEC implements Memorandum Circular No. 20 (MC 20), Series of 2026, which took effect August 1 following its issuance on July 7.
The circular lifted the Commission’s nearly five-year moratorium on new online lending platforms while establishing stricter requirements for financing and lending companies, including rules covering disclosures, prudential standards and market conduct.
The SEC has emphasized that stronger safeguards are needed to prevent predatory and unfair lending practices. SEC Chairperson Francis Lim said the Commission would “not tolerate the proliferation of predatory and unfair lending practices,” while seeking to foster a lending environment where “legitimate businesses and Filipino consumers can thrive.”
For MocaMoca, transparency begins before a borrower confirms a loan.
The platform provides upfront disclosure of fees and the total cost of borrowing, with no hidden charges added after confirmation. Borrowers also undergo a fully digital verification process using a single valid government-issued ID, helping reduce the risk of fraudulent or duplicate accounts.
Collections are handled under a fair-conduct standard consistent with the Truth in Lending Act. MocaMoca also continues to engage industry organizations such as the Fintech Philippines Association on practices related to borrower protection and responsible lending.
“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 has also called on consumers to stay vigilant and report unfair lending practices.
MocaMoca supports this call and remains committed to maintaining transparent, responsible and consumer-focused lending practices as it serves borrowers across the Philippines.