In January, accused I and M Bank of inflating interest payment to Sh53 million after pricing its loan above the legal cap
of four percentage points above the central bank rate that currently stands at nine per cent.
On Monday, Japan passed new laws setting a legal cap
on long work hours following a rise in cases of karoshi - or death through overwork.
The team asked the banking regulator to ensure the digital lenders are guided by the control on cost of loans introduced in 2016 within six months of adoption of the report.Mobile money firms and microlenders are currently allowed to skirt a legal cap
on cost of loans at four percentage points above the central bank's benchmark rate.
The aide said that despite that cap, the number had actually grown to 49,057 and that under the deal, it would be brought down to the legal cap
Lack of a legal cap
on the property tax rate or levy provides the county with significant independent legal revenue-raising flexibility.
Infrastructure investment manager I Squared Capital has announced the closing of its ISQ Global Infrastructure Fund II at the USD 7 billion legal cap
, exceeding an initial target of USD 5 billion, the company said.
He told the committee a legal cap
on profits is the best way forward.
And a legal cap
on chemical pollution running into the Reef's waters would build Reef resilience and help it survive while the world tackles climate change," Leck said.
Another sterling crisis beckoned and in July a statutory incomes policy was introduced - putting a legal cap
on proposed wage rises for workers.
Mr Osborne imposed a legal cap
on overall welfare spending - excluding pensions - during the last parliament in a bid to catch out former shadow chancellor Ed Balls.
To not expand the legal cap
, advocates says, would put a serious economic damper on renewable energy growth in the state.