Ban on Unsolicited Text Messages in Banking

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BSP Memorandum No. M-2015-017: Ban on Unsolicited Text Messages in Banking

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Title Supreme Court: Ban on Unsolicited Text Messages in Banking

Law: Bsp Memorandum No. M-2015-017

Decision Date: Mar 25, 2015

BSP Memorandum No. M-2015-017 mandates banks and their affiliates to comply with the Cybercrime Prevention Act by prohibiting unsolicited text messages unless prior consent is obtained from recipients, ensuring consumer protection against unwanted commercial communications.

prohibition

unsolicited messages

cybercrime act

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