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Starting May 1, 2006, financial institutions shall not charge compound interests for cash cards
From: Financial Supervisory Committee, Executive Yuan
Date: 03/30/2006
Ref. No.: Jin-Kuan-Yin-(4)-Zi-No.09585007140
Full text: To protect the interest of consumers and promote the sound development of cash card market, financial institutions engaging in cash card businesses shall not charge compound interests for cash card starting May 1, 2006. |