The new Financial Products and Services Consumer Protection Act

By Ramon Vaughn Dy 3rd

Jun 02, 2022 12:24 am

REPUBLIC Act (RA) 11765 or the 'Financial Products and Services Consumer Protection Act,' which was signed by President Rodrigo Duterte last May 6, 2022, is another legislative milestone for the financial sector.

To ensure that offered financial products and services are safe and secure, legislators saw the need to provide a framework that would safeguard consumers and prevent them from being unduly prejudiced and taken advantage of by unethical service providers or their agents and by fraudulent schemes.

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