Saturday, May 5, 2007

Ecuador threatens to sue banks for overcharging

(Reuters) - "I tell them to lower their interest rates and commissions ... If not, the government will sue them," Correa said in his weekly radio address, adding that banks cannot charge clients more than the 14 percent conventional interest rate.

"I give these banks and businesses that are breaking the law a week to start complying."


Read more at Reuters.com Bonds News

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