An Act Abolishing the Credit Information Corporation, Transferring Its Functions to the Bangko Sentral Ng Pilipinas, Repealing for the Purpose Republic Act No. 9510 or the Credit Information Systems Act
The proposed law would dissolve the current Credit Information Corporation and move its duties to the central bank (BSP). It aims to create a single, low‑cost credit database, give borrowers free access to their records, and impose penalties on entities that do not follow the new rules.
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/SBN-1388. Status changes over time; check the link for the latest.
SBN-1388 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.