Practice question
A banking-policy instructor says privacy protection concerns only isolated private convenience and cannot also support public confidence and financial-system stability. What does RA11765 Section2 show?
- Consumer rights, including data privacy, form part of mechanisms reinforcing confidence and stability
- Privacy and financial-system stability are categorically unrelated in the statute
- Only bank profits are mentioned
- No consumer rights are identified
- The law forbids consideration of market confidence
Legal references
- RA11765 Financial Products and Services Consumer Protection Act: https://lawphil.net/statutes/repacts/ra2022/ra_11765_2022.html Section2.
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