Committee on BANKS, FINANCIAL INSTITUTIONS AND CURRENCIES
EMERGENCY FINANCIAL STABILITY AND CONSUMER PROTECTION ACT
The Emergency Financial Stability and Consumer Protection Act seeks to provide the Bangko Sentral ng Pilipinas with emergency regulatory powers over financial institutions during a national emergency.
FURTHER STRENGTHENING THE ANTI-MONEY LAUNDERING ACT
The bill SBN-1828 seeks to enhance the Anti-Money Laundering Act by making amendments to the existing law. It is currently under review by the committee responsible for banks and financial institutions.
FAIR DEBT COLLECTION PRACTICES ACT
The Fair Debt Collection Practices Act is a proposed law that seeks to regulate how debts are collected, ensuring that debtors are protected from abusive practices. It is currently pending in the House of Representatives.
BANKING REFORM FOR INTEGRITY, GOOD GOVERNANCE, HONESTY, AND TRANSPARENCY (BRIGHT) ACT
The Banking Reform for Integrity, Good Governance, Honesty, and Transparency (BRIGHT) Act seeks to change the rules regarding the confidentiality of bank deposits, allowing for more disclosure. It is currently pending further discussion in the Senate.