Sentence examples for Legal interest rate from inspiring English sources

Thus, the legal interest rate was lowered.

High interest on consumer loans had long been illegal in the U.S., but around World War I, progressive reformers, seeking to drive out loan sharks, pushed states across the country to raise the legal interest rate.

Ultimately, the Assembly compromised on a legal interest rate of eight percent.

In response to McCreary's address, legislators from the rural, agrarian areas of the state proposed lowering the maximum legal interest rate from ten percent to six percent.

Agrarian interests were pleased that the legal interest rate was again lowered, now reaching the six percent they had proposed in the previous session.

There is no legal limit to the interest rate that private lenders can charge you.

PAGE A11 National DROP IN INTEREST RATE Is Hurting Legal Aid Groups Legal aid groups around the country that help poor people with noncriminal cases are being forced to cut their staffs and services, even as requests for help have ballooned.

That means that the floor on interest rates is likely higher in the euro area, Japan and the United States than in Sweden, Switzerland or Denmark (that is, even if the Fed ultimately concludes that it has the legal authority to set the interest rate on excess reserves below zero).

Unlike the US, where the states regulate their own lenders or some EU members, the UK has no legal limit to interest rates charged.

The practice of setting a legal maximum on interest rates later was followed by most states of the United States and most other Western nations.

There he wrote A Defence of Usury (1787), his first contribution to economic affairs, in which he rejected Adam Smith's defence of a legal maximum for interest rates.