The National Privacy Commission (NPC) said it has amended certain provisions in the guidelines on the processing of personal data for loan-related transactions to further address the data privacy concerns due to the prevalence of online lending.
THE National Privacy Commission said it has amended certain provisions in the guidelines on the processing of personal data for loan-related transactions to further address the data privacy concerns due to the prevalence of online lending.
Under Circular 2022-02, the amendments cover the following: processing of personal data for evaluating loan applications, granting loans, collection of loans and closure of loan accounts; character references; and, a newly added provision for guarantors. “When the purpose for accessing an application permission has already been achieved and there are no other applicable lawful criteria for such access, such online applications shall prompt the data subject to turn off, disallow these permissions, or inform the data subject that access to the relevant application permissions may already be revoked,” the Circular states.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Hands off borrowers’ contact list, lenders toldThe National Privacy Commission said it has amended the guidelines on the processing of personal data for loan transactions, adding stricter provisions on mobile phone camera and contact list access sought from borrowers. | AldenMonzonINQ /PDI
Baca lebih lajut »
Data disclosed in loan transactions subject to new privacy protections - BusinessWorld OnlineTHE National Privacy Commission (NPC) said it has added new privacy rules governing data disclosed during the loan application process. In a statement on Wednesday, the NPC said Circular No. 2022-02, issued on Dec. 1, amends Circular No. 2020-01 issued in September 2020. The two circulars prescribe guidelines on the processing of personal data shared […]
Baca lebih lajut »
Meta told to reassess legal basis for EU personalized adsIreland's Data Privacy Commissioner directs Meta to bring its data processing operations into compliance with new EU privacy laws within three months.
Baca lebih lajut »
Gatchalian says Second Congressional Commission on Education now ready to buckle down to work | Butch FernandezThe Second Congressional Commission on Education (EDCOM II) is all set to perform its mandate to evaluate the Philippine education sector’s performance starting January 2023, Senator Sherwin Gatchalian confirmed on Wednesday. Sitting as co-chairman of EDCOM II, Gatchalian said the commission “will boost the administration’s efforts to effectively address the…
Baca lebih lajut »
PBBM prodded to report veggie smuggling, assert national sovereignty during Beijing visit → BusinessMirrorCritics of President Ferdinand R. Marcos Jr. urged the country’s highest official on Tuesday to protect the interest of small farmers and fishermen by putting to stop the rampant smuggling of agricultural products from China and assert the country’s national sovereignty. Marcos is expected to sign at least 10 bilateral agreements with China during the
Baca lebih lajut »
South Korea seeks Chinese national missing from COVID-19 quarantineSouth Korea authorities said they were trying to track down a Chinese national who tested positive for COVID-19 on arrival but went missing while waiting at a quarantine facility. | Reuters
Baca lebih lajut »