English: "Over the years, the Securities and Exchange Commission (SEC), the National Data Privacy Commission and law enforcement agencies have received numerous complaints against Financing Companies (FCs) and Lending Companies (LCs) harassing, shaming, and employing abusive, unethical, and unfair means upon their customers/clients to force the settlement of debts. Likewise, there has been a proliferation of misuse of customer/client personal information and the public disclosure of unpaid loans or balances," he said in his bill.
Filipino: "Over the years, the Securities and Exchange Commission (SEC), the National Data Privacy Commission and law enforcement agencies have received numerous complaints against Financing Companies (FCs) and Lending Companies (LCs) harassing, shaming, and employing abusive, unethical, and unfair means upon their customers/clients to force the settlement of debts. Likewise, there has been a proliferation of misuse of customer/client personal information and the public disclosure of unpaid loans or balances," ayon sa mambabatas.