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Published July 26, 2021, 7:00 AM Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno could not emphasize more strongly how crucial the proposed bills on consumer protection are to ensure integrity and trust in the financial system. “These (pro-consumer bills) are seen to further strengthen the trust and confidence of the public in the financial system. It also espouses transparency, disclosure, responsible pricing and fair treatment,” Diokno said Friday, referring to the proposed Financial Consumer Protection Act (FCPA), one of BSP’s legislative priority for the 18th Congress. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno (MB file) So far, House Bill No. 6768 or “An Act Affording More Protection to Consumers of Financial Products and Services” has already been approved on third and final reading last June 2, while Senate Bill Nos. 60, 534, 1329, 1335, 1739 and 2287 have been filed and referred to the Senate Committee on Banks, Financial Instit

Sherwin gatchalianBangko sentralBenjamine dioknoExchange commissionSenate bill nosInsurance commissionDevelopment authoritySenate committee on banksGovernor benjaminFinancial consumer protection actHouse billAct affording more protectionFinancial productsSenate billSenate committeeFinancial institutions