The Securities and Exchange Commission (SEC) has issued a cease and desist order (CDO) against Fuse Lending. The order cites the company’s unlicensed lending operations and its malicious use of a legitimate company’s former name as the primary violations.

On July 22, 2025, GCash’s official lending arm, Fuse Financing Inc., filed a complaint against a fraudulent entity operating as ‘Fuse Lending’. Following this complaint, the SEC ordered the fraudulent entity to cease its operations.

An investigation found that the fraudulent group illegally used the former corporate name of Fuse Financing Inc. The legitimate company, Fuse Financing Inc., had officially updated its name and registration on January 30, 2025.

Fuse Financing Inc. advises the public that it is the sole legitimate lending arm of GCash. It has no connection to this fraudulent ‘Fuse Lending’.

The company is fully operational and SEC-registered, with all official products and services accessible exclusively within the GCash App.

An investigation by the SEC’s Financing and Lending Companies Department confirmed that ‘Fuse Lending’ failed to register as a corporation. The department also established that the company had not secured its required secondary licence to operate a lending business.

Operating a lending company without proper registration violates Republic Act No. 9474, the Lending Company Regulation Act. Furthermore, the SEC is authorised to issue a CDO under the Financial Products and Services Consumer Protection Act to prevent harm to financial consumers.

Featured image by nuruddean21 via Freepik.