DAVAO CITY – The Bangko Sentral ng Pilipinas-Mindanao, in collaboration with the Philippine Information Agency-11, convened media practitioners in an information session to enhance industry awareness on financial consumer protection on March 21. THE Bangko Sentral ng Pilipinas-Mindanao conducted...
Senator Sherwin Gatchalian on Sunday, November 5 urged state regulators to strengthen mechanisms for consumer protection amid the continuing proliferation of online fraudulent activities especially with the onset of the Christmas season. Gatchalian, in particular, urged the...
Senator Christopher "Bong" Go on Friday, August 25 called on the Department of Trade and Industry (DTI) and other concerned agencies to ensure the full implementation of the Consumer Act and protect consumers against buying counterfeit products that have proliferated in the market. Sen....
The Energy Regulatory Commission (ERC) has debuted its "digital toolbox" in addressing consumer complaints as well as industry concerns, but industry stakeholders are wishing that the feedback mechanism and response system will not be as slow as the internet connectivity in the Philippines. Via its...
The Securities and Exchange Commission (SEC) has drafted, for public comment, the Implementing Rules and Regulations (IRR) of Republic Act No. 11765, or the Financial Products and Services Consumer Protection Act (FCPA) which also covers digital products and cryptocurrencies. In a statement, the...
The Department of Trade and Industry (DTI), through its Fair Trade Enforcement Bureau (FTEB), reported the value of confiscated uncertified items it seized in the National Capital Region has reached P67,999,927 as it heightened monitoring and inspection of products to ensure consumer protection as...
The Department of Trade and Industry (DTI), through its Fair Trade Enforcement Bureau (FTEB), stopped the sale of tires for automotive vehicles worth P254,332.74 during its focused technical regulations enforcement along Tomas Mapua Street, Sta. Cruz, Manila, on Dec. 1, 2022. Consumer Protection...
Senator Sherwin Gatchalian has filed a bill seeking to amend the country’s Consumer Act in order to strengthen the rights of consumers and protecting them from hazardous and substandard products. Gatchalian made the call as consumer spending accelerates ahead of the Christmas and New Year’s Eve...
One notable law signed by President Rodrigo R. Duterte early this month is Republic Act No. 11765, otherwise known as the Financial Products and Services Consumer Protection Act (FCPA), which gave three financial regulators the power to speed up addressing consumers’ complaints against financial...
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 Sherwin "Win" Gatchalian has urged the Securities and Exchange Commission (SEC) to expedite the creation of a new office to deal with regulation and monitoring of financing and lending firms. Gatchalian on Friday also called for the crackdown on abusive and illegal lenders. His call came...
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...
