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Questions and Answers
What is the purpose of the Consumer Protection Standards?
What is the purpose of the Consumer Protection Standards?
- To provide consumer education
- To ensure responsible financing practices
- To protect consumer data
- To regulate financial institutions (correct)
Which circular number introduced the Consumer Protection Regulation?
Which circular number introduced the Consumer Protection Regulation?
- Circular No. 2 - 2020
- Circular No. 6 - 2020
- Circular No. 4 - 2020
- Circular No. 8 - 2020 (correct)
What is the role of the Consumer Protection Standards in relation to the Regulation?
What is the role of the Consumer Protection Standards in relation to the Regulation?
- They are subject to approval
- They are supplementary documents
- They are optional guidelines
- They are mandatory and enforceable (correct)
Which article of the Consumer Protection Standards focuses on market conduct?
Which article of the Consumer Protection Standards focuses on market conduct?
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Which article of the Consumer Protection Standards addresses the protection of consumer data and assets?
Which article of the Consumer Protection Standards addresses the protection of consumer data and assets?
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