DECEMBER 11, 2020
CBFI
House of Representaives
Quezon City
Attn. ATTY Dodie BaldueZa
Sir :
This is to confirm the Laban Konsyumer Inc . proposals on the Bills of Cong Joey Garcia, Cong Fernandez and De Los Santos on electronic money and payment for the consideration of the CBFI. They are Interest income of money in the custody and possession of the e money providers, insurance against any and all forms of Fraud, deceit or insolvency and secrecy and privacy of consumers account . We also reiterate a general provision on financial consumer protection under any and all existing relevamt laws and rules and regulations .
Please acknowledge receipt of this electronic position paper .
Thank you very much.
Sincerely yours.
Atty. Victorio Mario A. Dimagiba
President
Laban Konsyumer Inc.