Mga Reklamo sa Manila

The Bureau of Internal Revenue East Makati Revenue District Office, under RDO Rufo B. Ranario, padlocked 10 unregistered branches of Global Mobility Service Philippines for violations of Section 236 of the National Internal Revenue Code. According to BIR, only the main office and 2 branches were registered. The closed branches spanned Manila, Quezon City, Antipolo, Cavite, Bulacan, Pampanga, Isabela, Cebu, Davao, and Sorsogon. BIR found unregistered invoices, sidecars, spare parts, and mobile tracking devices in associated warehouses.

In G.R. No. 258526 (Manila Credit Corporation v. Spouses Ramon and Anita Viroomal), the Supreme Court Second Division denied the lender's petition and affirmed the Court of Appeals' ruling that the 3% per month / 36% per annum effective interest rate imposed on the borrowers was void for being patently exorbitant and unconscionable. The Court held that 'while there is no numerical limit on conscionability, the rate of 3% per month or 36% per annum is three times more than the 12% legal interest rate, and therefore excessive and unconscionable.' The Court also held that 'the willingness of the debtor in assuming an unconscionable rate of interest is inconsequential to its validity.' The decision is widely cited in subsequent cases against high-rate lenders.