English: The Vice Chairperson of the Senate Committee on Banks, Financial Institutions and Currencies also underscored the significance of the measure as under the current set up, several financial regulators, particularly the BSP and SEC, are not empowered to conduct hearings and decide on consumer-related complaints.
Filipino: Sinabi rin ng vice chairperson ng Senate Committee on Banks, Financial Institutions and Currencies na mahalagang maisabatas ang naturang panukala dahil sa kawalan ng kapangyarihan ng mga financial regulators, partikular na ang BSP at SEC, na magsagawa ng mga pagdinig at magpasya sa mga reklamo ng konsyumer.