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Credit Bureau In The Philippines
Credit Information Corporation or CIC announced the first six credit bureaus in the Philippines in 13 March 2016. The accredited credit bureaus consist of five international firms and one local credit bureau. According to CIC President Jaime Garchitorena, bureaus could start operations as soon as they become incorporated. The complete and substantial collection of credit data were planned to be ready by the end of 2016 or early 2017. Accredited bureaus Local firms * CIBI Information Also known as CIBI, formerly known as Credit Information Bureau, Inc., was the first credit bureau in the Philippines. CIBI started as a quasi government body under the Central Bank of the Philippines to initiate a credit information exchange system in the Philippines. In 1982, CIBI was founded and established by Presidential decree 1941 and was created under the Central Bank of the Philippines, now Bangko Sentral ng Pilipinas (BSP); the Securities and Exchange Commission (SEC) and the Financial E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Information Corporation
The Credit Information Corporation (CIC) is a government-owned and controlled corporation providing credit information system in the Philippines. It was created in 2008 by the Credit Information System Act (CISA) to construct a centralized, comprehensive credit information system for the collection and dissemination of accurate and fair information relevant to, or arising from, credit and credit-related activities of all entities participating in the financial system. This credit information is to be collected from various sources such as banks, financial institutions, insurance companies, financing companies, credit cooperatives, as well as utility companies and other businesses that extend loans. The CIC compiles this credit information to help creditors evaluate the ability of borrowers to pay. The credit information system is intended to straightforwardly address the need for dependable credit information of borrowers and is supposed to significantly improve the overall av ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jaime Garchitorena
Jaime is a common Spanish and Portuguese male given name for Jacob (name), James (name), Jamie, or Jacques. In Occitania Jacobus became ''Jacome'' and later ''Jacme''. In east Spain, ''Jacme'' became ''Jaime'', in Aragon it became ''Chaime'', and in Catalonia it became ''Jaume''. In western Spain Jacobus became '' Iago''; in Portugal it became ''Tiago''. The name '' Saint James'' developed in Spanish to ''Santiago'', in Portuguese to ''São Tiago''. The names '' Diego'' (Spanish) and '' Diogo'' (Portuguese) are also Iberian versions of ''Jaime''. In the United States, Jaime is used as an independent masculine given name, along with given name James. For females, it remains less popular, not appearing on the top 1,000 U.S. female names for the past 5 years. People * Jaime, Duke of Braganza, Portuguese nobleman of the 15th/16th centuries, the 4th Duke of Braganza * Infante Jaime, Duke of Segovia (1908–1975), Spanish prince, the second son of Alfonso XIII of Spain and his w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CIBI Information
CIBI Information, Inc. or CIBI, formerly known as Credit Information Bureau, Inc., is the first and the only local credit bureau in the Philippines. CIBI started as a government entity under the Central Bank of the Philippines Department of Loans and Credit to initiate a credit information exchange system in the country. Founded in 1982, CIBI was established through the power of Presidential Decree 1941 created under Central Bank of the Philippines, now Bangko Sentral ng Pilipinas (BSP); the Securities and Exchange Commission (SEC) and the Financial Executives Institute of the Philippines (FINEX) In 1997, Credit Information Bureau, Inc. was incorporated and transformed into a private entity and became CIBI Information, Inc. CIBI is a provider of information to businesses and individuals. The company also supplies compliance reports before accrediting agencies, industry partners and even hiring professionals. In March 2016, CIBI Information, Inc. was one of the four credit bure ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangko Sentral Ng Pilipinas
The Bangko Sentral ng Pilipinas (; commonly abbreviated as BSP in both Filipino and English) is the central bank of the Philippines. It was established on July 3, 1993, pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993 as amended by Republic Act 11211 or the New Central Bank Act of 2019. History American era and World War II In 1900, the First Philippine Commission passed Act No. 52, which placed all banks under the Bureau of the Treasury and authorizing the Insular Treasurer to supervise and examine banks and all banking activity. In 1929, the Department of Finance, through the Bureau of Banking, took over bank supervision. By 1933, a group of Filipinos had conceptualized a central bank for the Philippine Islands. It came up with the rudiments of a bill for the establishment of a central bank after a careful study of the economic provisions of the Hare–Hawes–Cutting Act, which would grant Philippine independence after 12 years, bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities And Exchange Commission (Philippines)
The Securities and Exchange Commission ( fil, Komisyon sa mga Panagot at Palitan}, commonly known as SEC) is the agency of the Government of the Philippines charged with the registration and supervision of corporations and securities, as well as capital market institutions and participants, in the Philippines. As such, the Commission champions investor protection in the Philippines, as part of its mandate. An agency under the Department of Finance, the SEC is headquartered at 7907 Makati Avenue, Barangay Bel-Air, Makati City. It has nine extension offices located in Baguio, Tarlac, Legazpi, Iloilo, Bacolod, Cebu, Cagayan de Oro, Davao and Zamboanga. History The SEC was established on October 26, 1936, by virtue of Commonwealth Act No. 83, or the Securities Act, in order to safeguard public interest in view of the local stock market boom at the time. It was created just two years after the United States Congress created the United States Securities and Exchange Commission. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marlo R
Marlo is a name which may refer to: People Given name or nickname Notable people with the given name or nickname include: *Marlo Dahl (born 1972), Canadian curler *Marlo Hoogstraten (also known as MaRLo), Dutch DJ *Martin "Marlo" Hyland (1969–2006), Irish gangster *Marlo Carter Kirkpatrick (born 1965), American author and photographer *Marlo Koponen, Finnish ice hockey player *Marlo Lewis (1915–1993), American television executive producer, co-producer of ''The Ed Sullivan Show'' *Marlo Mendoza Peralta (born 1950), Roman Catholic Archbishop of Nueva Segovia in the Philippines *Marlo Morgan (born 1937), American author *Marlo Poras (born 1971), *Marlo Thomas (born 1937), American actress Surname Notable people with the surname include: *Ed Marlo (1913–1991), American magician Edward Malkowski *Karl Marlo, pseudonym of Karl Georg Winkelblech (1810–1865), German professor, scientist, chemist and state socialist *Micki Marlo (1928–2016), American model and singer Fictional c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TransUnion
TransUnion is an American consumer credit reporting agency. TransUnion collects and aggregates information on over one billion individual consumers in over thirty countries including "200 million files profiling nearly every credit-active consumer in the United States". Its customers include over 65,000 businesses. Based in Chicago, Illinois, TransUnion's 2014 revenue was US$1.3 billion. It is the smallest of the three largest credit agencies, along with Experian and Equifax (known as the "Big Three"). TransUnion also markets credit reports and other credit and fraud-protection products directly to consumers. Like all credit reporting agencies, the company is required by U.S. law to provide consumers with one free credit report every year. Additionally a growing segment of Transunion's business is its business offerings that use advanced big data, particularly its deep AI-TLOxp product. History TransUnion was originally formed in 1968 as a holding company for Union Tank Car C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Compuscan
Compuscan is a South African credit bureau that provides consumer and commercial credit information within South Africa and other African nations. Founded in 1994 and headquartered in Stellenbosch, South Africa, Compuscan is a subsidiary of South African-based Compuscan Information Technologies. The company, which was originally focused on providing credit history reporting for microcredit transactions, is among South Africa's leading credit bureaus and is a member of the nation's Credit Bureau Association. The company also provides microcredit reporting services in the neighboring republics of Botswana and Namibia. In 2006, Compuscan was selected by the Bank of Uganda to build the first-ever Ugandan Credit Reference Bureau. This system, which was formally introduced in 2008, required Ugandan financial institutions to issue smart cards A smart card, chip card, or integrated circuit card (ICC or IC card) is a physical electronic authentication device, used to control access t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Unions
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative to credit unions and were two and a half t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of The Philippines
The economic history of the Philippines chronicles the long history of economic policies in the nation over the years. 1973–1986 After experiencing years of positive growth, the Philippine economy between 1973 and 1986 suffered a downturn due to a mixture of economic mismanagement and political instability amidst a global economic recession. Declaration of martial law President Ferdinand E. Marcos declared martial law in the midst of rising student movements and an increasing number communist and socialist groups lobbying for reforms in their respective sectors. Leftists held rallies to express their frustrations to the government, this restiveness culminating in the First Quarter Storm, where activists stormed Malacañang Palace only to be turned back by the Philippine Constabulary. This event in particular left four people dead and many injured after heavy exchanges of gunfire. There was further unrest, and in the middle of the disorder on September 21, 1972, Marcos issu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
