Timeline for Why are there so many countries that apply interest rate caps/ceilings?
Current License: CC BY-SA 3.0
8 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Oct 29, 2017 at 7:28 | vote | accept | Alexei | ||
| Oct 26, 2017 at 11:33 | comment | added | cbeleites | Note that Germany AFAIK does not have a interest rate ceiling in the sense of the linked investopedia definition (loans > x% interest are forbidden), but instead if the deal is considered ursury (≈ lender deliberately using a known weakness, e.g. emergency of the borrower in order to impose conditions that are clearly outside the rational value of the credit) IIRC that voids the deal (lender has to pay back the credit, but no interest/fees). Adequate compensation for high-risk loans is allowed. Inadequate is e.g. > 2 * market interest rate or market interest + 12% (of credit). | |
| Oct 26, 2017 at 11:26 | answer | added | armatita | timeline score: 5 | |
| Oct 26, 2017 at 10:17 | answer | added | Rekesoft | timeline score: 4 | |
| Oct 25, 2017 at 14:45 | answer | added | user4012 | timeline score: -2 | |
| Oct 25, 2017 at 13:32 | comment | added | Alexei | @Relaxed - yes, I agree. However, it is the best reference I could find to support my question. Personally, I think that these caps make sense to protect those customers that do not understand how much they really pay back, but this is just one aspect of the problem and more, only an opinion/feeling. | |
| Oct 25, 2017 at 13:26 | comment | added | Relaxed | Not your question but “decrease in product diversity” sounds like a BS negative effects invented from someone who is trying very hard to make a point. Basically, it says that banning some products is bad because it bans some products. But that's the point! | |
| Oct 25, 2017 at 13:13 | history | asked | Alexei | CC BY-SA 3.0 |