Tag page - Financial Consumer Protection (FCP) Act

Albay 2nd district Rep. Joey Salceda believes that a bigger crackdown on online lending and investment scams is coming sooner than later, thanks to President Duterte's expected signing of the Financial Consumer Protection (FCP) Act. (Maxim Ilyahov/ Unsplash) “I am told by sources in the Palace...

Senator Grace Poe on Monday pushed for the passage of a measure that would provide increased protection for bank account holders and consumers of other financial products. Poe made the call as her panel, the Senate Committee on Banks, Financial Institutions and Currencies, conducted a hearing on...

Some 16 local and foreign business groups have strongly urged for the immediate enactment of the proposed Financial Consumer Protection (FCP) Act, which seeks to protect consumers amidst the growing complexity in financial services, especially digital services. In a statement the business group...