The Supreme Court has ruled that banks can legally charge interest rates exceeding 30% on credit card dues, overriding a previous NCDRC decision. The ruling states that the NCDRC lacked authority to alter mutually agreed contractual terms and emphasized that credit card holders are informed and aware of their payment obligations and potential penalties.
SC allows banks to charge 30% interest rates on credit card dues
Categories:
Related Post
Race to succeed Rep. Elise Stefanik in upstate New York heats up with new challengerRace to succeed Rep. Elise Stefanik in upstate New York heats up with new challenger
New York State Sen. Dan Stec, a Republican and Navy veteran, is running for Congress. Stec has tossed his hat in the ring to succeed Rep. Elise Stefanik, R-N.Y., who
Kate Middleton, Prince William reunite for first joint appearance after her chemotherapyKate Middleton, Prince William reunite for first joint appearance after her chemotherapy
Prince William and Kate visited Southport to meet families of the three girls murdered at a Taylor Swift-themed event in July. This marked Kate’s first public engagement since ending her
Lee Corso, 89, absent from latest edition of ESPN’s ‘College GameDay’ after feeling ‘under the weather’Lee Corso, 89, absent from latest edition of ESPN’s ‘College GameDay’ after feeling ‘under the weather’
The “College GameDay” set looked a little different Saturday. The ESPN program was broadcast in Berkeley, California, Saturday to showcase the Miami-Cal game to be played at 10:30 p.m. ET.