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Paying along; MONEY STILL TALKS IN SPRINGFIELD AS CONSUMER PROTECTION BILLS SPUTTER.(News)
- Article from:
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Crain's Chicago Business
- Article date:
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June 23, 2008
- Author:
- Hinz, Greg
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Copyright informationCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Greg Hinz
With Springfield's power centers all run by presumably liberal Democrats, consumer organizations had been hoping for big things from lawmakers this spring.
They got a piece of what they wanted from one group often accused of treating consumers like so many chickens to be plucked: hospitals. But the payday-loan industry once again escaped with its annual interest rates of 400%-plus untouched-even as legislators in Ohio voted to limit consumer lenders to a maximum of 28%.
Illinois' split record demonstrates some realities about what's needed to enact real reforms on powerful industries here. That's creativity and commitment-and a big stick to fight ...
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CCB REDUCES RETAIL BANKING INTEREST RATES
AsiaInfo Services;
June 14, 2006 ;
201 words
......Reduces Retail Banking Interest Rates BEIJING, Jun 14, 2006...way in reducing the interest rates of demand deposits...Qingdao have lowered the annual interest rates of local-currency retail...measures yet, and the annual interest rates of demand ...
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Deposit Interest Rates Cut Again.
Korea Times (Seoul, Korea);
January 22, 2001 ;
276 words
......continuing decline of market interest rates, commercial banks have...again cut their deposit interest rates in order to improve...trimmed their benchmark annual interest rates of time deposits with...Chohung Bank slashed the annual interest rates of its ...
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China Lowers Interest Rates
Xinhua English Newswire;
October 22, 1997 ;
243 words
......reductions in interest rates, which follow...benchmark annual interest rate on one-ye...with the annual interest rate on demand...percent. Annual interest rates for term...percent. Annual interest rates on loans...
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Local Banks Cutting Deposit Interest Rates.
Korea Times (Seoul, Korea);
January 8, 2001 ;
293 words
......decline of market interest rates, commercial banks...cutting their deposit interest rates, in a bid to reduce...incurred from higher interest rates in deposits than...slashed the benchmark annual interest rates of its popular product...the tax-exempt ...
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Fall in interest rates should increase demand for real estate
Jerusalem Post;
March 27, 2008 ;
JOHN BENZAQUEN;
733 words
......sectors most sensitive to changes in interest rates because it is dependent on bank...part of their expenses, and when interest rates fall, their expenses decrease...benefit from the sharp drop in interest rates through lower mortgage costs. "The fall in the basic interest ...
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Low interest rates spark jump in home mortgage refinancing
La Crosse Tribune;
September 23, 2002 ;
Cahalan, Steve;
787 words
...With interest rates at the lowest...mortgage at an annual interest rate of just...in mortgage interest rates in 2001. This year, mortgage interest rates have been declining...of current interest rates. On Friday...625 percent annual interest ...
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Interest rates hit 23-month high
Jerusalem Post;
June 25, 2002 ;
TAL MUSCAL;
540 words
...00-00-0000 Headline: Interest rates hit 23-month high Byline...Israel increased nominal interest rates yesterday by 2 percentage...of Israel has increased interest rates by a cumulative 4.5% percentage...main reasons for increasing interest rates. In addition he ...
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Florida Counties Cap Title-Loan Companies' Usurious Interest Rates.
Knight Ridder/Tribune Business News;
May 26, 1999 ;
Maxwell, Scott ^Perez, Robert;
642 words
......lower their triple-digit interest rates if they want to continue...businesses. The votes to cap the annual interest rates at 30 percent came less...operate -- with a profit -- at annual interest rates of less than 30 percent...
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Lower interest rates may not prompt consumer buying binge
Chicago Sun-Times;
May 13, 1991 ;
John Crudele;
703 words
......York, are the flip side of lower interest rates. While most experts have been...been ignoring the downside. Lower interest rates will make a lot of people spend less - not more. Interest rates have been falling over the past...usually happens is that lower interest ...
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Suit claims 'usurious' interest rates
Deseret News (Salt Lake City);
October 23, 2006 ;
Linda Thomson Deseret Morning News;
567 words
......usurious, unconscionable and unlawful" interest rates on two loans totaling $850,000 that would...the lender has his way, the man said, the interest rates he would be forced to pay would be 386...want to pay what Helm considers illegal interest rates and extra fees. Meanwhile, Park's ...
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Cracking down on state's payday lending industry.(Opinion)(520% average...
Crain's Chicago Business;
June 9, 2003 ;
308 words
......by charging some of the highest interest rates ever seen. According to the Washington...Federation of America, the average annual interest rate on a payday loan in Illinois...Illinois needs to pass a law capping interest rates for small loans and forcing payday...loan limits, with ...
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Initiative would limit 'pay day' loan interest rates
Missoulian;
November 22, 2007 ;
Dennison, Mike;
545 words
......companies in Montana, limiting the annual interest rate they can charge to 36 percent...to charge people such outrageous interest rates. People need access to credit...say payday loan companies charge annual interest rates of up to 650 percent, such as...The $15 per $100 works ...
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Brazil increases annual interest rates to 12.75 percent
Xinhua News Agency;
June 4, 2008 ;
116 words
...Brazil increases annual interest rates to 12.75 percent RIO DE JANEIRO, June 4 (Xinhua) -- The Brazilian government's Monetary Policy Committee Wednesday announced an...75 percent. The increase, the second this year, was unanimously approved by the Committee members. Brazil decided to raise its ...
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Bank of Rajasthan hikes its interest rates
The Hindustan Times;
June 3, 2008 ;
344 words
......that it has hiked its interest rates for Non-Resident (External...rupee deposits, the annual interest rates have been revised to...bank has revised the annual interest rates from the earlier 2.70...percent. In Britain, the interest rates on FCNR (B) ...
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Macao Banks Cut Interest Rates
Xinhua News Agency;
February 3, 2001 ;
110 words
...Following the reduction of interest rates in the United States and Hong Kong, the Macao Association of Banks has made a decision that deposit interest rates will be cut beginning next Monday. After the readjustment, the annual interest rate for current deposit of the local currency of ...
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