Regulatory Alerts2018-06-20
Added · Updated
BRPD Circular No. 06: Prudential Regulations for Consumer Financing (Credit Card)
The document replaces the age stipulation in Credit Card PPG Guideline No.2 to resolve inconsistencies regarding customer age limits. It establishes that primary cardholders must be 18 years or older, while supplementary cardholders must be 18 or older, with a relaxation to 16 years permitted for students directly dependent on the principal cardholder. All other instructions within the referenced guidelines remain unchanged.