2018 Caps Laws 
PYMNTS
APRIL 6, 2020
But to do that, the bank may have to have its asset cap, placed there by law after a fake accounts scandal in 2018, lifted so it can do more to help, according to the Financial Times. Scharf said the bank had extended nearly $70 billion in new loan commitments last month to help clients during the pandemic.
PYMNTS
OCTOBER 14, 2019
The law imposes a 31 percent cap on cruising time for most vehicles before 11 p.m. Lyft says the mandate is based on old, inaccurate TLC data and doesn’t hold taxis to any caps. . The law was first passed by New York City in August 2018, limiting the number of ride-hailing cars that could be on the street at once.
PYMNTS
OCTOBER 30, 2018
An MKM analyst said in a research note to clients that AWS may be worth $1 trillion in six years – that would be larger than Amazon’s market cap, which currently stands at $929 billion. Now, though, discussions about Amazon and its market cap are — for the time being, at least — a more subdued affair. Amazon reported $56.6
PYMNTS
DECEMBER 26, 2018
Eight credit unions closed in 2018, and they affected an estimated 14,000 people with a collective £25 million in savings. Credit unions cap rates at 3 percent a month. This is because the amount of funds it is required by law to hold against its assets has ballooned in the last two years.
PYMNTS
MARCH 11, 2020
A California statue caps interest to an annual rate of 37 percent a year but out-of-state banks have figured out how to sidestep the law and use rates allowable where they are headquartered. Utah has no caps on interest rates. “A ” An uprush in predatory lending has prompted more states to institute interest rate caps.
PYMNTS
MARCH 4, 2020
Bank had in place erroneously capped the number of alerts, which hindered law enforcement’s ability to spot suspicious activity. LaFontaine was warned by his subordinates and by regulators that capping the number of alerts was dangerous and ill-advised. The capped alerts were in place for at least five years.
Electronic Payments Coalition
MARCH 26, 2024
merchants, more than 90 percent of which are small businesses, lowering credit interchange rates and capping those rates into 2030. The agreement will cap the reduced credit interchange rates for five years, providing an unprecedented level of cost certainty long sought by merchants. merchants, comprised largely of small businesses.
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