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Gatchalian urges enforcement against lenders exploiting gambling addicts in the Philippines

Regulation

Philippine Senator Sherwin Gatchalian urged government agencies to enforce rules against unlicensed and abusive online lending apps, saying they exploit people with online gambling addiction. President Ferdinand R. Marcos Jr. separately warned that easier access to online gambling was harming families; the administration is reviewing the implications of a possible ban.

Stronger enforcement could affect online lenders serving people who use loans to fund gambling.

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