Usurious interest rates slapped by credit card companies should be regulated to protect consumers from unconscionable hidden charges, Senator Chiz Escudero said.
In Senate Bill No. 166 (SBN 166), Escudero seeks to put a ceiling on interest rates and surcharges imposed by credit card companies and prohibit hidden charges that further burden plastic card holders.
“While credit cards are deemed as relief for consumers during bad times, woes begin when card companies levy interests and charges which are usually unknown to the users that eventually saddle them with more debts. We want to put a stop to the hidden charges which catch consumers unaware,” Escudero explained.
SBN 166 puts a cap of 1 percent per month or 12 percent per annum on the interest rates that credit card companies c...
Check out the contents of a package sent to me via courier recently. (Apologies for the poor quality of the photos as I only took them via my ever trusty Motorola Krzr phone.) Now...is this a sign of things to come? Is this something die hard supporters should be elated about? Or is this just a way for HIM to thank his friends, fans, foes (?) and supporters?
You know...the year 2010 is a presidential election year and this early, we have heard of the many personalities who have made it clear that they have intentions of gunning for the top executive position in Philippine government. From Senator Manny Villar to Senator Mar Roxas to Senator Loren Legarda.
Do you think HE will run?
Do you think he will face Legarda in the quest to get the NPC Party's nod?
And do you think he has...
If you're curious if Senator Francis "Chiz" Escudero is running for President this 2010, then read on. Here's the full text of Sen. Chiz's blog. THOUGHTS?
December 2, 2008, 12:29 am
Dahil sa mga naglalabasang surveys na kasali ako sa top 5 ng mga presidentiables, marami ang nagtatanong kung nangangarap daw ba akong maging presidente ng Pilipinas sa 2010. Ang masasabi ko lang ay oo. May pangarap ako tulad ng sinumang pulitiko siguro ngayon na humawak ng mas mataas na puwesto. Ang maganda sa pangarap, ito ay libre at hindi kailangang bayaran. Subalit ang mahalaga sa akin ay hindi kung ano ang gusto ko. Gusto ni ganito na tumakbo, gusto ni ganyan na tumakbo. Hindi mahalaga kung ano ang gusto kong takbuhan. Ang mahalaga, ano ba ang gusto ng ating mga kababayan na tatakbuhan ko o gusto ba...