Tag page - chuchi fonacier

The COVID-19 pandemic has put on hold foreign banks’ plan to establish local units or branches in the Philippines. “As of now, no application to establish foreign bank is received by the FSS (Financial Supervision Sector),” according to Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi...

With mounting consumer credit card complaints, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi G. Fonacier is reminding banks and credit card issuers to strictly follow rules that protect credit card users.  In a BSP Circular Letter (No. CL-2021-008) that Fonacier signed on January...