In response to ASIC's concerns, Fast Easy has agreed to refund all affected consumers in Queensland, New South Wales and the Australian Capital Territory any amounts paid in brokerage fees above the state-based interest rate caps
of 48% by November 2014.
The BIC's proposed change to the rate cap
is meant to comply with its statutory obligation to ensure that waste haulers in New York City can earn a reasonable rate of return, and that all commercial establishments continue to receive high-quality, reasonably priced, full-service waste removal.
When interest rate caps
were scrapped in our state in 1999, the legislative history shows that the Legislature expected interest rates to go up to only 20 to 25 percent.
These results are most likely attributable to increased state aid to school districts that corresponded with the implementation of the property tax rate cap
mandated by LB1114.
In addition, the amount of interest expense would be subject to the interest rate caps
based on Moody averages.
DeCampli said PPL Electric Utilities would be forced to drastically cut costs if rate caps
are extended because it would lose $100 million a month as a result of not being able to pass along power-purchase costs to customers.
11 /PRNewswire/ -- According to a press release issued today by the Pennsylvania Public Utility Commission, the PUC denied FirstEnergy's request to break the electricity generation rate caps
The LDP agreement indicates the bill will include not only the lowered lending rate cap
but also other tougher regulations on moneylenders to help reduce the number of heavily indebted borrowers.
The Company has an interest rate cap
that it uses to hedge the interest rate risk in its LIBOR-based trust preferred debt.
The PUCO also violated the rate cap
by giving companies the ability to defer, with approximately 19 percent interest, any costs not covered by these new one-time line extension charges and monthly fees.
Funds collected through the surcharge during 2007 and 2008, plus interest, would be returned to customers as a credit on their electric bills, thereby reducing the effect of the rate cap
8 billion and generate about $307 million in additional economic activity if the Virginia legislature approves a proposal by the governor and attorney general for a three-year rate cap
extension, an updated economic study showed Monday.