The ceilings on credit card transactions are subject to review following a six-month period. “The BSP’s decision to maintain the current ceilings on credit card transactions strikes a balance ...

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has tightened its rules and regulations on the issuance of credit cards as well as practices of collecting agencies due to the ...

THE BANGKO SENTRAL ng Pilipinas’ (BSP) policy-setting Monetary Board has retained the ceiling rates for credit card charges to help consumers as the pandemic continues. “The retention of the ceilings ...

The Bangko Sentral ng Pilipinas (BSP) has decided to retain the interest rate caps on credit card transactions, citing the “reasonableness” of current fees even with accelerating inflation.

In the past year following the declaration of a state of calamity due to COVID-19, the Philippines has redefined its tax and regulatory landscape. In exercising its supervisory authority over banks ...

The Bangko Sentral ng Pilipinas’ policy-setting Monetary Board has maintained the 24% interest rate per year cap on all credit card transactions, the central bank said Tuesday. In a statement, the BSP ...

The BSP is collecting comments from stakeholders on a draft circular that will amend parts of the manual of ... lending or loan products like credit cards, as well as deposits and insurance ...

A fourth of all concerns coursed through the Bangko Sentral ng Pilipinas’ consumer assistance mechanism are complaints about credit cards during the pandemic, the BSP governor bared on Thursday.

The 2% monthly interest rate ceiling on credit card transactions has been maintained by the Bangko Sentral ng Pilipinas’ (BSP) policy-setting Monetary Board (MB). In a statement on Tuesday, the BSP ...

Under the MOA, the BSP and CCAP will jointly craft a credit card e-learning course and provide learning resources that will be made accessible to the public through the BSP’s “e-Learning ...

The ceilings on credit card transactions are subject to review following a six-month period. 'The BSP's decision to maintain the current ceilings on credit card transactions strikes a balance between ...