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Bill would cap payday loan rates (Columbia Daily Tribune)
Rep.-elect Mary Still wants to cap the interest rate payday loan companies can charge in Missouri.
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Nissan Motor to Sell $500 Million in Auto Loan Bonds (Update2) (Bloomberg)
Dec. 1 (Bloomberg) -- Nissan Motor Co. ’s finance unit plans to raise $500 million in the first sale of U.S. auto-loan bonds since U.S. Treasury Secretary Henry Paulson said the government would shift the focus of his financial-industry rescue package toward bolstering investment in consumer debt.
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Malaysian car dealers fear rate cut may hurt sales (AP via Yahoo! Malaysia News)
Malaysian national car dealers said Thursday they were dismayed by the small interest rate cut by the central bank earlier this week, fearing their sales may drop as consumers wait in anticipation of lower rates.
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Rates cut to 4.25pc (Australian Broadcasting Corporation)
The Reserve Bank of Australia (RBA) has slashed the official interest rate by 100 basis points to 4.25 per cent.
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“Interest rate cut may reduce car sales” (The New Sabah Times)
KUALA LUMPUR . Proton car sales may drop instead of increase with the downward revision in the Bank’s lending and base financing rates” said Armin Baniaz Pahamin, Deputy President, Proton Edar Dealers Association Malaysia.
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Water rate increase looms (The Ocala Star-Banner)
OCALA - Some implications of the paralysis of the nation's credit markets are familiar: students unable to obtain loans to attend college; business owners worried about making payroll; car buyers denied money for new cars; taxpayers on the hook for billions in bailing out Wall Street.
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Dealers prefer easier approvals to cheaper loans (Business Times (Malaysia))
PROTON car dealers say they prefer easier loan approvals rather than cheaper loans to help drive sales. "The cheaper loan should not be at the expense of an easier loan approval.
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Dealer incentive could make loan costly (Bankrate.com via Yahoo! Finance)
Dealers may be financially motivated to give you a costly loan, says Bankrate car columnist Terry Jackson.
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CA-BUSINESS Summary (The Globe and Mail)
LONDON (Reuters) - European shares fell after staging a sharp rally last week and the yen rose on Monday as investors looked to interest rate cuts in several major economies, while oil dropped as OPEC delayed a decision on a third supply cut.
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Credit card companies quick to raise rates, fees (Atlanta Journal-Constitution)
Greg Fischer was already fed up with Bank of America for doubling his credit card's interest rate to 28.99 percent — the price for being a couple of weeks late with a payment in April. What sent him over the top, he said, was the bank's decision to rule his September payment late, too. He paid on the due date on the bank's Web site. But he paid at 4:10 p.m. — past a 3:30 cutoff that Fischer said ...
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