Try GOLD - Free
SEC fines lending firm Nittal Capital for undisclosed credit charges, fees, rates
malaya Business Insight
|March 17, 2026
THE Securities and Exchange Commission (SEC) said it has penalized lending firm Nittal Capital Finance Inc. (NCFI) for incomplete disclosure of charges, interest rates, amortization, and other fees, prior to the borrower's signing of a loan deal.
The NCFI was fined P88,500, consisting of P20,000 for the first offense, plus P68,500 for 685 days of continued violation, the SEC said in a statement on Monday, March 16, 2026.
“Additionally, the SEC ordered NCFI to review and revise its disclosure statement templates, amortization schedules and loan information sheet to ensure strict compliance with the TILA and MC 7,” the state commission said.
This story is from the March 17, 2026 edition of malaya Business Insight.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM malaya Business Insight
malaya Business Insight
CCP and USTSHS reinforce ties to empower next generation of students and educators
THE Cultural Center of the Philippines (CCP) and the University of Santo Tomas Senior High School (USTSHS) have officially formalized their continuing partnership and collaboration through the signing of a five-year contract aimed at revolutionizing arts education in the country.
1 mins
March 17, 2026
malaya Business Insight
From Parañaque to the world, Arevalo stands alone in Europe
AS the global community celebrates International Women’s Month, the narrative of the Filipina athlete is shifting from “rising potential” to “global trailblazer.
1 mins
March 17, 2026
malaya Business Insight
PH rejects Beijing's claim to sovereignty over South China Sea
THE Department of Foreign Affairs on Monday rejected Beijing's assertion that a 1990 document from a Filipino diplomat showed Manila had conceded that Scarborough Shoal (locally known as Bajo de Masinloc) was not part of Philippine territory.
4 mins
March 17, 2026
malaya Business Insight
Takeaways from the Oscars
Here are takeaways from Sunday night’s Oscars ceremony, Hollywood's annual celebration of the best performances in the movie business.
2 mins
March 17, 2026
malaya Business Insight
ASIAN STOCKS WAVER ON MIDEAST TENSIONS; INDONESIA TUMBLS TO EIGHT-MONTH LOW
STOCKS in emerging Asia fluctuated on Monday as the Middle East war kept oil prices elevated and investors on edge, while Indonesian equities fell to an eight-month low after the president indicated a willingness to exceed the country’s fiscal deficit limit.
1 mins
March 17, 2026
malaya Business Insight
Gas prices spike, curtains rise
ON a Friday night in Quezon City, the line outside the Smart AraneColiseum for TJ Monterde and KZ Tandingan’s four-night run stretches past the jeepney barker shouting “Cubao, Cubao.”
4 mins
March 17, 2026
malaya Business Insight
Hilton Manila brings roaring Easter adventure to families with Dinoland: Hop, Hunt, Roar
A festive celebration where prehistoric fun meets beloved holiday traditions.
3 mins
March 17, 2026
malaya Business Insight
Sara answers 'recycled' impeach raps 'with caution'
VICE President Sara Duterte on Monday filed her answer to the two impeachment complaints filed against her at the House of Representatives, beating the prescribed period of 10 days to reply to the allegations, which she called \"recycled.
6 mins
March 17, 2026
malaya Business Insight
House passes bill letting Marcos suspend, cut fuel excise taxes
THE House of Representatives on Monday approved on third and final reading a measure authorizing President Ferdinand Marcos Jr. to suspend or reduce excise taxes on fuel to cushion the impact of surging oil prices during national or global emergencies.
2 mins
March 17, 2026
malaya Business Insight
Palawan Group, BDO forge partnership to expand payments access
Palawan Group of Companies is widening its role in the country’s financial services landscape after sealing a strategic partnership with BDO Unibank, Inc. that is expected to make payments and collections more accessible, faster, and more convenient for millions of Filipinos nationwide.
2 mins
March 17, 2026
Listen
Translate
Change font size