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Interest News

Detained Chinese lawyer wins Ludovic Trarieux rights prize

Atenas - Chinese lawyer Wang Yu, facing a possible life sentence in China, was on Saturday awarded the prestigious Ludovic Trarieux Prize for her work defending human rights, organisers announced in Athens on Saturday.

Erdogan urges Turkey's central bank to cut rates

Ankara - Turkish Premier Recep Tayyip Erdogan called on the country's central bank Friday to cut interest rates in order to stimulate the economy after months of political crisis."The central bank should hold an extraordinary meeting to cut (interest rates) ......

Millions of UK savers still have no clue about Isas

It has been 15 years since Individual Saving Accounts (ISAs) were introduced in the UK, which allows savers to put cash or shares into a savings account and pay no tax on the interest.

Broncos, Seahawks tackled by media at pre-Super Bowl event

A noisy marching band, costumed characters and a 9-year-old reporter were among hundreds of journalists and football fans that filled a Newark, New Jersey, arena on Tuesday for the media scrum

Italy's record interest rates at auction

Italy’s borrowing rates have gone way up after bond auctions took place on Friday. Now the country has been forced to pay record interest rates.

Toronto Hydro customers may pay late charges even if not late

Toronto - The Toronto Star recently reported that Toronto Hydro is applying to the Ontario Energy Board (OEB) to allow it to collect from customers its portion of a $17 million lawsuit for charging excessive late payments during the 1980's and 90's.

Pre-approved credit card with 79.9% APR?

For Gordon Hageman of San Diego, the Premier card offered by First Premier Bank came with a 79.9 percent APR. While it looks like an attempt to gouge the consumer, it is perfectly legal.

Op-Ed: Bernanke And The Perpetuating Credit Card Swindle

Banks, and whomever else we blissfully accepted a credit card from, have been charging us, all of us, grossly usurious fees.

Sweden Slashes Interest Rate to 2 Percent

On Thursday the Swedish central bank made the decision to sharply reduce its main interest rate, in the first round of what was shaping up to be day of major moves by the global monetary authorities.

Australia's Great Reserve Bank Fraud, Part 1

Kevin Rudd, Prime Minister of Australia must terminate the political charade and come to terms with the reality of deepening Australian poverty due to inflationary and artificial fuel and grocery prices, and contraindicated interest rate levels.

Credit card interest 'confusion'

As there is lots of confusion about how the credit cards calculate the interest. It is been advised to the Office of Fair Trading (OFT) investigates to found out and solve this.

How much are you paying for your credit?

If we borrow on a credit card, how much are we actually paying for the privilege? We all see the various APR's advertised, but what does it actually mean? And are we paying far too much?

Pawnbroker charged up to 207,981% interest on loans

Actually, I do not feel bad for what happened. I was doing like everybody else does. A bunch of other pawn shops in Calgary are doing the same...

Prosper.com: Web Site Links Those Wanting to Lend Money with Borrowers

An online community for people-to-people lending.
 

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This is the  Douglas Money Equation  as formulated by Major C.H. Douglas (1879-1952).
This is the "Douglas Money Equation" as formulated by Major C.H. Douglas (1879-1952).

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