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| Credit News |
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Oct 10, 2007 02:50 pm |
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| Credit bureau: Where do we go from here? |
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THE GENERAL concept of a credit bureau has garnered mixed reactions from the public. It has been met with concern, if not fear, for the possible loss of privacy.
On the other hand, the financial sector tends to look favorably towards its formation. This is especially true in the recent years, as moves that advocate the burgeoning Micro, Small and Medium Enterprises (MSMEs) in the country have become more active. |
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Oct 10, 2007 02:44 pm |
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| CMAP CELEBRATES ITS DIAMOND JUBILEE |
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| The CMAP’s 75th Anniversary celebration last April 19, 2007 at the historic Manila Hotel in Manila was highlighted by the holding of the 27th National Credit Congress and the Special Election of the 2007-2008 Board of Directors. The congress was also the Associations participation to this year’s celebration of National Credit Consciousness Week. |
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Oct 10, 2007 02:43 pm |
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| Creation of credit info databases will reduce loan default rates by up to 45%, says BSP |
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| The Bangko Sentral ng Pilipinas (BSP) estimated that having credit information databases could reduce default rates by up to 45 percent and increase the chances of small firms to obtain loans from banks. |
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Oct 10, 2007 02:42 pm |
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| BSP won’t cap credit card rates |
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| The Bangko Sentral ng Pilipinas (BSP) said yesterday it won’t put a cap on credit card rates despite a continued decline in interest rates. |
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