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View Full Version : Bill to lower interest on plastic



NewsWhore
10-15-2007, 04:50 PM
The Chamber of Deputies is currently looking at a legislative proposal that seeks to limit the amount of interest institutions can charge on credit cards. The proposal is trying to establish a 2.5% monthly interest on the unpaid balance as the maximum allowed. The proposal would also disallow any additional charges (surcharges) when the billing is paid in full before the due date.

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