Banking & Insurance
Credit card issuers welcome higher cap in finance charges
The 17-member Credit Card Association of the Philippines (CCAP) believes the 100-basis point hike in the ceiling on interest rates or finance charges delivered by the central bank’s Monetary Board would boost competition.
Global payments firm urges OFWs to welcome 2023 with better money habits
For many Filipinos, 2023 is a new year faced with the same economic challenges from 2022. Sustained high inflation has unfortunately made many Filipinos...
Lender cedes half of each peso transacted under its e-money platforms to scholars
Robinsons Bank has donated half of what it generates from its e-money platforms for the benefit of academic scholars supported by the Gokongwei Brothers...
GSIS tops rating among gov’t agencies in anti-red tape survey
The Anti-Red Tape Authority (ARTA) has extended to the Government Service Insurance System (GSIS) the Silver Award representing the highest rating of 92.8 percent or “Very Satisfactory”, among 50 government agencies in the agency’s Report Card Survey (RCS) 2.0.
New York court claims jurisdiction over Bangladesh Bank heist case vs RCBC
The Supreme Court of the State of New York has denied motions filed by Rizal Commercial Banking Corp. (RCBC) and its current and previous employees seeking to dismiss the suit initiated by Bangladesh Bank in connection with the 2016 cyber heist.
