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MAKE BANKS ACCOUNTABLE FOR OFW ‘PADALA’ – POE

Holding banks accountable for the actions of their cash agents will provide better protection for consumers, especially those who rely on the “padala” of their relatives to help them get by during these trying times. Senator Grace Poe said the central bank’s push for financial inclusion will benefit from the necessary safeguards and encourage more […]

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Politics

MAKATI SOLON TO BSP: DEFER HIKE OF ATM FEES

Makati City Representative Luis Campos Jr. is asking the Bangko Sentral ng Pilipinas (BSP) to consider deferring the implementation of a new automated teller machine (ATM) charging model that will cause user fees to spike up to 63 percent starting April. Campos, a member of the House committee on banks and financial intermediaries said it […]

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GATCHALIAN: PROBE BANKS VIOLATING DEBT MORATORIUM

Expressing concern over the reported non-compliance of some banks to the debt moratorium, Senator Win Gatchalian called on the Bangko Sentral ng Pilipinas (BSP) to investigate erring banks and make sure that they comply with the provisions under the Bayanihan 1 and 2 laws. As the country’s regulator of the banking industry, the BSP is […]

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SPARE CREDIT CARD FRAUD VICTIMS FROM HARASSMENT

Senator Win Gatchalian said victims of fraudulent use of credit cards must not be subjected by banks to harassment and unethical debt collecting practices. Some netizens who claimed to have been victimized by financial cyber thieves through their credit card have complained to Gatchalian about the mounting finance charges they are now facing brought about […]

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ANGARA: HALT ONLINE TRANSACTION FEES AMID COVID-19

Senator Sonny Angara issued an appeal to the banks and mobile payment systems to suspend the collection of fees for digital transactions while the country is still dealing with the COVID-19 pandemic. Several banks and mobile money services will resume their collection of fees in spite of an appeal by the Bangko Sentral ng Pilipinas […]