AN ACT FIXING THE RATES OF INTEREST UPON LOANS AND FORBEARANCES BY AMENDING CERTAIN SECTIONS OF ACT NUMBER TWENTY-SIX HUNDRED AND FIFTY-FIVE (ACT NO. 2655), AS AMENDED

AN ACT PROVIDING PROTECTION TO CREDIT CARD HOLDERS BY SETTING A CEILING ON INTEREST RATES AND SURCHARGES AND PROHIBITING HIDDEN PENALTIES OR COSTS IMPOSED BY CREDIT CARD COMPANIES, BANKS, AND SIMILAR INSTITUTIONS ON PURCHASES AND CASH ADVANCES MADE THROUGH SUCH FACILITY