Without a doubt about Central payday advances

Without a doubt about Central payday advances

Image Credit to World Of Business

THE BANGKO SENTRAL ng Pilipinas is taking into consideration the imposition of the limit on rates of interest along with other costs that financing and funding organizations charge on customer and loans that are payday in reaction to a demand by the Securities and Exchange Commission (SEC).

The country’s corporate regulator said it wrote to BSP Governor Benjamin E. Diokno on Oct. 8, asking for a limit on interest rates, fees and other charges that lending and financing companies impose on borrowers in a statement Monday. Continue reading “Without a doubt about Central payday advances”