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View Full Version : Iceland Court Says Banks Can't Use Local Rates on Foreign Loans - Bloomberg



NewsWhore
02-15-2012, 01:20 PM
Iceland Court Says Banks Can't Use Local Rates on Foreign Loans (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGUb4FhOuIyhYJ_rgxZ8VVM42mqPw&url=http://www.bloomberg.com/news/2012-02-15/iceland-court-says-banks-can-t-use-local-rates-on-foreign-loans.html)
Bloomberg
Iceland's Supreme Court ruled that lenders can't adjust interest rates higher on foreign currency- linked loans that it found illegal in 2010, overruling a government law from 2010. Lenders must abide by the contractual interest rates on the loan ...

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