MANILA, Philippines — MocaMoca, the digital lending platform operated by Copperstone Lending Inc., continues to operate under full legal authorization, with the Securities and Exchange Commission (SEC) confirming that the firm holds active registration and remains in good standing. That status carries renewed weight now that the SEC has introduced a stricter industry-wide compliance framework under Memorandum Circular No. 20 (MC 20), Series of 2026.
In its advisory, the SEC confirmed that Copperstone Lending Inc., alongside the other companies named in 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 the Financing Company Act, Lending Company Regulation Act, Financial Products and Services Consumer Protection Act, and all applicable SEC rules, regulations, and issuances.”
The confirmation takes on added relevance as MC 20 takes effect. The memorandum, which the SEC issued on July 7 and which took effect on August 1, lifted the Commission’s nearly five-year moratorium on new online lending platforms and introduced a stricter framework covering disclosure, prudential, and market conduct requirements for financing and lending companies.
When the circular was announced, SEC Chairperson Francis Lim said the Commission would “not tolerate the proliferation of predatory and unfair lending practices,” adding that the goal was to foster a lending environment where “legitimate businesses and Filipino consumers can thrive” under the new safeguards. MocaMoca’s existing practices already reflect much of what the new framework requires.
The app discloses its fees and total cost of borrowing upfront before a loan is confirmed, with no hidden charges added after the fact. Every borrower is verified through a fully digital process built around a single valid government-issued ID, reducing the risk of fraudulent or duplicate accounts. Collections are handled under a fair-conduct standard consistent with the Truth in Lending Act, and the company has continued to engage industry groups such as the Fintech Philippines Association to align on borrower-protection practices across the sector.
“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 advisory also reminds the public to remain vigilant and report any unfair lending practices to the Commission. MocaMoca fully supports this initiative and continues to uphold high standards of consumer protection as it grows its base of borrowers across the Philippines.
