Guaranteed financial relief during emergencies pushed in Senate bill

MANILA, Philippines — Guaranteed relief from bank fees, penalties, and obligations await borrowers, depositors, and digital payment users during national emergencies should a bill granting the Bangko Sentral ng Pilipinas (BSP) regulatory powers become a law. Senator Joel Villanueva filed Senate Bill No. 2121 or the Emergency Financial Stability and Consumer Protection Act this week to compel banks to provide financial relief and support to their customers.  Villanueva noted that in line with the declaration of State of National Energy Emergency due to the ongoing conflict in the Middle East, the BSP authorized BSP-supervised financial institutions (BSFIs) to waive fees […]... Keep on reading: Guaranteed financial relief during emergencies pushed in Senate bill

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