SunStar SunStar File Photo April 29, 2021 LAND Transportation Office (LTO) 7 Director Victor Emmanuel Caindec welcomed a recent administrative order of the Department of Trade and Industry that prohibits persons and companies selling products and services from offering an “installment only” mode of payment to consumers. Feeling “elated and vindicated to hear of this development,” he said that this serves as a lesson and warning to those “who try to take advantage of the desperation” of Filipino consumers wanting to buy motorcycles. “No longer are ordinary Filipinos held captive by unfair and insensitive ‘in-house financing’ schemes by unscrupulous dealers, but this also allows the entire motor vehicle industry to benefit from a more dynamic market financing landscape,” said Caindec in a statement.