SB 995
Senate·20th Congress·Filed Aug 6, 2025
Pre-Approved Credit Card Prohibition Act
An Act Prohibiting the Issuance of Pre-Approved Credit Cards Without the Consent of the Consumer and for Other Purposes
In plain language
The bill bans banks and other credit‑card issuers from sending consumers credit cards they did not request, imposes fines and possible license loss for repeat violations, and requires the central bank to issue rules within 90 days.
Consumer ProtectionBusiness, Trade and IndustryGovernment Administration
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Subjects
Credit CardConsumer Act (R.A.No. 7394)
Official sources
Spot something wrong?
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/SBN-995. Status changes over time; check the link for the latest.
SBN-995 · Sources: BetterGov Open Congress, BatasWatch