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SEC Orders Closure of 7 Unregistered Lending Apps

Contents

On August 15, 2025, the Securities and Exchange Commission issued cease-and-desist orders against seven unregistered lending apps — the first named enforcement wave of the modern cycle. Grounds: no SEC registration, breach of the lending moratorium (MC 10, series of 2021), and undisclosed platforms (MC 19, series of 2019). The full list is below, checked September 16, 2026.

The seven apps ordered to stop

  1. Cash Konek
  2. Pesosuki
  3. Yescom Lending-Quick Cash Loan
  4. Peso101-Fast Loans PH
  5. Peso Cow-Mabilis Pera Loan
  6. Swiftloan: Loan App Philippines
  7. Pera Loan: Fast Cash PH

Seven names, seven cease-and-desist orders. Each order stops the operator from lending. Each app also sits outside both protections that matter: no SEC registration, no recorded platforms.

One name deserves a second look

Peso Cow appears here and again in the June 2026 wave, when the Delisha Lending orders reached four more apps — the full tracker keeps the chronology. Repeat appearances are the pattern to remember: sanction does not always mean disappearance, which is why we re-check every named app after each advisory.

What the orders mean for borrowers

Three practical readings. If you have a loan with one of the seven, the obligation question is not erased by the CDO. Our what-if guide covers repayment and documentation. If collectors are pressuring you, the conduct may match the abusive-collection ground the SEC enforces. Our harassment guide covers the filing route. And if you were about to borrow from any name on this list, the registry has answered already; the registered alternatives are the other half of that sentence.

Frequently asked questions

When did the SEC close the seven lending apps?

August 15, 2025 — cease-and-desist orders against seven unregistered lending apps, on grounds of non-registration, moratorium breach, and undisclosed platforms.

Which apps were closed?

Cash Konek, Pesosuki, Yescom Lending-Quick Cash Loan, Peso101-Fast Loans PH, Peso Cow-Mabilis Pera Loan, Swiftloan: Loan App Philippines, and Pera Loan: Fast Cash PH.

Are the seven apps illegal to use now?

They were ordered to stop operating, and borrowing from them means dealing with an operator the regulator has sanctioned. Every check we track (registration, platform record, disclosure) fails for this set. Verified September 16, 2026.

The bottom line for borrowers

The August 2025 wave set the template for everything that followed: named apps, named grounds, public orders. Verify before you borrow, and let the registry, not the ad, make the decision. The running chronology is in our illegal loan apps tracker.

Sources used for this review