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Louh vs. BPI

WILLIAM C. LOUH, JR. AND IRENE L. LOUH, PETITIONERS, VS. BANK OF THE PHILIPPINE ISLANDS, RESPONDENT.

G.R. No. 225562 | 2017-03-08

RESOLUTION
 
REYES, J.:
 
Before the Court is the instant petition for review on certiorari[1] filed by William C. Louh, Jr. (William) and Irene L. Louh (Irene) (collectively, the Spouses Louh) to assail the Decision[2] and Resolution,[3] dated August 11, 2015 and May 23, 2016, respectively, of the Court of Appeals (CA) in CA-G.R. CV No. 100754.
 
Antecedents

The herein respondent, Bank of the Philippine Islands (BPI), issued a credit card in William's name, with Irene as the extension card holder. Pursuant to the terms and conditions of the cards' issuance, 3.5% finance charge and 6% late payment charge shall be imposed...