Senator Win Gatchalian expressed alarm over the widespread debt collection harassment and deceptive collection practices of some lending companies.
In pushing for equal access to financial services, Senator Win Gatchalian said such a move will boost the digitalization of financial transactions in the country.
Senator Win Gatchalian said the government should exhaust all means to provide relief to pandemic-hit small businesses and put them back on track to prevent further job losses. He is bent on pushing for the legislation of allowing micro, small, and medium enterprises (MSMEs) by further lowering the costs of borrowing to encourage them to continue their operations.
To ensure the efficient and prompt delivery of future government financial assistance programs, Senator Win Gatchalian broached the idea of having each Filipino owning one bank account.
Senator Win Gatchalian renewed his call for the immediate implementation of the Mobile Number Portability Act (MNPA) ahead of Congress’ grant of franchises to new players in the telecommunications industry.
Senator Win Gatchalian underscored the need to simplify the procedures and reduce the transaction costs to encourage Micro, Small, and Medium Enterprises (MSMEs) to seek government loans to restart their businesses which in turn will help shore up the economy.
Senator Win Gatchalian urged the National Telecommunications Commission (NTC) to compel the telecommunications companies to speed up the construction of new cell towers to finally address the country’s connectivity needs.
Senator Win Gatchalian said the Senate will proceed in its investigation on credit card fraud and other unauthorized bank transactions as existing laws show lack of necessary mechanisms to protect consumers from nefarious individuals.
Expressing concern over the reported non-compliance of some banks to the debt moratorium, Senator Win Gatchalian is calling on the Bangko Sentral ng Pilipinas (BSP) to investigate erring banks and make sure that they comply with the provisions under the Bayanihan 1 and 2 laws.
