Measure aids depositors of closed banks

At least four lawmakers have sought to empower depositors to question the closing of banks by the Monetary Board.

House Resolution 869 by Reps. Ronald Cosalan of Benguet, Arthur Defensor, Jr. of Iloilo, Jesulito Manalo of Angkla party-list and Romero Quimbo of Marikina tasks the House banks and financial intermediaries panel to conduct an inquiry, in aid of legislation, on the plight of depositors of closed banks.