RESOLUTION DIRECTING THE SENATE COMMITTEE ON BANKS, FINANCIAL INSTITUTIONS, AND CURRENCIES TO CONDUCT AN INQUIRY, IN AID OF LEGISLATION, ON THE PROLIFERATION OF ONLINE LENDING COMPANIES IN POSSIBLE VIOLATION OF REPUBLIC ACT NO. 9474 OR THE LENDING COMPANY REGULATION ACT OF 2007

RESOLUTION CALLING FOR AN INVESTIGATION IN AID OF LEGISLATION INTO UPDATING THE EXISTING LEGAL FRAMEWORK REGULATING ONLINE LENDING TO PREVENT ABUSIVE COLLECTION PRACTICES WHILE IMPROVING ACCESS TO CREDIT