Αποτελέσματα Αναζήτησης
- Before issuing credit cards, credit card issuers must conduct know-your-client (KYC) procedures and exercise proper diligence in ascertaining that applicants possess good credit standing and are financially capable of fulfilling their credit commitments.
- Republic Act No. 11765
(1) Restriction on the ability of the supervised financial...
- Republic Act No. 11765
17 Ιουλ 2016 · - Before issuing credit cards, credit card issuers must conduct know your-client (KYC) procedures and exercise proper diligence in ascertaining that applicants possess good credit standing and are financially capable of fulfilling their credit commitments.
(1) Restriction on the ability of the supervised financial service provider to continue to collect excessive or unreasonable interests, fees or charges, including all other interests, fees and charges covered under Republic Act No. 10870, otherwise known as the "Philippine Credit Card Industry Regulation Law";
The Philippine Credit Card Industry Regulation Law grants the Bangko Sentral ng Pilipinas (BSP) the authority to regulate and supervise credit card issuers and acquirers, establish minimum requirements for risk management systems, and prohibit harassment and unfair practices in debt collection, with administrative and criminal sanctions for ...
of credit card services. To ensure the vibrancy and growth of the credit card industry, the State shall institute appropriate mechanisms to protect and educate credit cardholders. SEC. 3. Scope and Coverage. — This Act shall govern all credit card issuers, acquirers and all credit card transactions.
25 Ιουν 2019 · Short Title: “Philippine Credit Card Industry Regulation Law” AN ACT REGULATING THE PHILIPPINE CREDIT CARD INDUSTRY Date enacted: 7/17/2016, Seventeenth Congress [ 17th Congress (2016-2019) ]
17 Ιουλ 2016 · The Act institutionalized the regulatory framework on the Philippine credit card industry in accordance with the State's policy to align credit practices with global best practices and to ensure the growth of the credit card industry.
