01 credit organizations charging excessively high effective interest rates, citizen requesting a statutory interest rate cap

credit organizations charging excessively high effective interest rates, citizen requesting a statutory interest rate cap

Why is this interpretation wrong? Flag as wrong

Finance, banking, and insurance → Interests, fees, and penalties

• Borrowers / debtors · Consumers — borrowers facing high interest rates and fees from credit organizations

Establish a statutory cap on annual interest rates and service fees for loans

Set a maximum annual interest rate cap of 20%

• Չինաստանում · Mentioned only