Tag Archives: banks

What’s this legal animal called AMLA?

Posted on May 15, 2012 by Atty. Fred| Leave a comment

The public is glued to their TV sets, following the blow-by-blow coverage of the impeachment proceedings against Chief Justice Renato Corona in the Senate. The proceedings being legal in nature, new terms and concepts are being thrown around like pancakes. Recently, it’s the AMLA. Read more »

Posted in Business & Corporate, Criminal Law, Money & Finance

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Receivership of Export and Industry Bank (EIB)

Posted on April 27, 2012 by Atty. Fred| Leave a comment

The Banko Sentral ng Pilipinas (BSP) announced that the Monetary Board, through MB Board Resolution No. 686 dated 26 April 2012, placed the Export and Industry Bank, Inc. (EIB) under receivership on 26 April 2012. Read more »

Posted in Business & Corporate, Legal Wiki, Money & Finance

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What would you do as a Credit Card Company?

Posted on November 3, 2009 by Atty. Fred| 13 Comments

There seems to be a consensus that certain practices of some credit card collection agencies go beyond what is fair and reasonable, something which is officially recognized when no less than the Bangko Sentral ng Pilipinas issued the rules prohibiting certain unfair collection practices. For a change of perspective, put yourself into the shoes of credit card companies and ask yourself what would you do under the following circumstances: Read more »

Posted in Money & Finance

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