The bill creates a national open‑banking system that lets Filipino consumers safely share their financial data with approved third‑party providers, gives them free access to their data in a portable format, and sets up a new Consumer Data Empowerment Commission to write standards, accredit participants, and enforce penalties for misuse.
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/HB06669. Status changes over time; check the link for the latest.
HB06669 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.