Credit card rates to rise in HondurasThe President of the Central Bank of Honduras, Edwin Araque, has warned consumers that there will be increases in interest rates on credit cards.Monday, July 28, 2008
The Central Bank is following its tight money policy adopted last March, which involves charging higher interest rates to the nation's banks, which in turn lend to consumers and businesses. Source: latribuna.hn ¿Busca soluciones de inteligencia comercial para su empresa?Panama: Proposal to Regulate Credit CardsJanuary 2020 A bill has been submitted to the National Assembly proposing to prohibit the practice of advance discounts for late payments. Nicaragua: Collusion in Setting Interest Rates?August 2012 The National Institute for the Promotion of Competition has stated that there is an agreement between banks to fix interest rates on credit cards. $1.1 billion in credit card transactions in HondurasJanuary 2009 With a total of 600,000 card holders, credit cards are one of the financial products that has experienced the most growth. Credit card interest rates double in GuatemalaNovember 2008 The interest rates charged by credit card issuers has risen 15 points since last January.
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