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Business groups push financial consumer protection bill

Published July 19, 2021, 2:46 PM
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 said that the intricate development of financial products and services resulting from advancements in technology has opened countless opportunities for financial markets and consumers alike. It also poses new risks, particularly to financial consumers.
“Reality has shown how financial products, including financial services accessed through digital channels, are susceptible to fraud or used for fraudulent purposes,” according to a statement. ....

United States , Association Executives , Commerce Of The Philippines Inc , Philippine Women Economic Network , Nordic Chamber , Shareholder Association Of The Philippines , Investment House Association Of The Philippines , Cebu Leads Foundation , American Chamber , National Real Estate Association Inc , Professionals Inc , Cebu Business Club , Financial Executives Institute Of The Philippines , Alliance Ph Guild , Management Association Of The Philippines , Philippine Life Insurance Association , Philippine Retailers Association , Philippine Council Of Association , Institute Of Asia , Women Business Council Philippines , Foundation Inc , Financial Consumer Protection , Financial Executives Institute , Real Estate Entrepreneurs , Investment House Association , Intellectual Property ,

Business groups back bill seeking to amend bank secrecy law

Several business groups are supporting the passage of a bill which seeks to relax the existing laws on bank secrecy. ....

United States , New Zealand , Benjamin Diokno , Rodrigo Duterte , Bangko Sentral , Association Executives , Japanese Chamber , Shareholder Association Of The Philippines , House Committee On Banks , Cebu Leads Foundation , Bankers Association Of The Philippines , American Chamber , Cebu Business Club , Senate Committee On Banks , Zealand Chamber , Philippine Life Insurance Association , Philippine Center , Senate Bills , Foundation Inc , Bank Deposits Secrecy , Secrecy Of Bank Deposits Law , Fund Managers Association Of The Philippines , Tax Management Association Of The Philippines , Professionals Inc , Financial Executives Institute Of The Philippines , Fintech Alliance ,

Industry, business groups push for easing of Bank Secrecy Law

Industry, business groups push for easing of Bank Secrecy Law
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United States , New Zealand , Bangko Sentral , Association Executives , Bank Deposits Secrecy , Japanese Chamber , Philippine Deposit Insurance Corp , Fund Managers Association Of The Philippines , Shareholder Association Of The Philippines , House Committee On Banks , Cebu Leads Foundation , Bankers Association Of The Philippines , Tax Management Association Of The Philippines , American Chamber , Professionals Inc , Cebu Business Club , Financial Executives Institute Of The Philippines , Bank Deposit Secrecy Law , Zealand Chamber , Fintech Alliance , Management Association Of The Philippines , Foundation For Economic Freedom , Philippine Life Insurance Association Inc , Philippine Center , European Chamber , French Chamber ,

Push for lifting of bank secrecy law intensifies

Banks and businesses have renewed calls for Congress to pass the bill amending Republic Act No. 1405 or the Secrecy of Bank Deposits for a more relaxed version of the law to allow the Bangko Sentral ng Pilipinas (BSP) to look into and investigate the bank accounts of suspicious individuals, especial ....

United States , New Zealand , Bangko Sentral , Association Executives , Japanese Chamber , Fund Managers Association Of The Philippines , Shareholder Association Of The Philippines , Bankers Association Of The Philippines , Cebu Leads Foundation , Tax Management Association Of The Philippines , American Chamber , Secrecy Of Bank , Professionals Inc , Cebu Business Club , Financial Executives Institute Of The Philippines , Zealand Chamber , Fintech Alliance , Management Association Of The Philippines , Philippine Life Insurance Association , Philippine Center , European Chamber , French Chamber , Philippine Council Of Association , Property Association Of The Philippines , Women Business Council Philippines , Licensing Executives Society Philippines ,

Clamor for immediate passage of CREATE bill

Published January 16, 2021, 7:00 AM
Multisectoral groups, comprising of 51 largest and widely-represented private sector associations, have urged for the immediate enactment of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill to boost market confidence, save jobs and provide instant relief to businesses’ suffering from the COVID-19 impact.
“We, members of some of the largest and most widely-represented private sector groups in the country, reiterate our strongest and unequivocal support for the immediate enactment of the CREATE Bill,” stated the joint statement.
Congress has been deliberating the CREATE Bill for three years already, but both Houses have a hard time reconciling their versions. ....

Association Executives , Commerce Of The Philippines Inc , Philippine Women Economic Network , School Of Economics Alumni Association , Shareholder Association Of The Philippines , Housing Developers Association , Institute For Solidarity , Cebu Leads Foundation , Bankers Association Of The Philippines , Chinese Chambers Of Commerce Industry Inc , Cebu Business Club , Fintech Alliance Philippines , Philippine Life Insurance Association , Philippine Center , Asia Inc , Restaurant Association Of The Philippines , Institute Of Asia , Dealers Inc , Business Club , Philippine Hotel Owners Association Inc , Foundation Inc , Officers Association Of The Philippines , Nordic Chamber , Ateneo Law Alumni Association Inc , Fund Managers Association Of The Philippines , Investment House Association Of The Philippines ,