CONSUMER PROTECTION IN THE PHILIPPINES: REGULATORY SOURCES
( Pp. 66-69)

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Ivanovskaya Natalia V. kand. yurid. nauk, docent, docent kafedry grazhdanskogo prava i processa i mezhdunarodnogo chastnogo prava
RUDN University Law Institute
Abstract:
The article notes that the Consumer Protection Group (CPG) is the main consumer protection authority in the Philippines. The group is responsible for enforcing laws to protect consumers, educate consumers and form consumer groups. The group manages the following offices / offices: 1) Bureau of Philippine Standards (BPS); 2) the Consumer Protection and Advocacy Bureau (CPAB); 3) the Fair Trade Enforcement Bureau (FTEB). In the Philippines, there is no uniform regulation on the protection of the rights of consumers of financial services. Therefore, a whole group of laws and regulations (instructions and circulars) should be attributed to the sources of legal regulation in this area. The main regulatory act should be considered the Philippines Consumer Protection Act 1992 (Republican Law No. 7394). It is noted that the law requires revision. In addition to him, the Philippine authors distinguish the following groups of laws: 1) on the protection of investors' rights; 2) laws related to credit policy; 3) investment laws and regulations; 4) laws on electronic banking, 5) other regulatory acts.
How to Cite:
Ivanovskaya N.V., (2019), CONSUMER PROTECTION IN THE PHILIPPINES: REGULATORY SOURCES. Gaps in Russian Legislation, 3 => 66-69.
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