The proposal moves the Credit Information Corporation from its own agency to the central bank (BSP), renames it the Public Credit Registry, and requires banks and other lenders to send detailed credit data to the new registry. The BSP will fund and run the registry, set rules, and oversee its board, while existing CIC staff will be transferred to the BSP.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB02151. Status changes over time; check the link for the latest.
HB02151 · Sources: BetterGov Open Congress, BatasWatch
Similar in what they’d do, filed by any lawmaker.