Amendment re Credit Card Operations Rules

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BSP CIRCULAR NO. 454: Amendment re Credit Card Operations Rules

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Title Source: Supreme Court: Amendment re Credit Card Operations Rules

Law: Bsp Circular No. 454

Decision Date: Sep 24, 2004

BSP Circular No. 454 amends regulations governing credit card operations for banks and subsidiary companies, introducing guidelines aligned with global best practices, defining key terms, and establishing standards for fair collection practices and disclosure of foreign currency transactions.

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