Interest rate cap and floor

Dr. Thomas J. Miller, Jr. Releases Study on the Effects of Interest Rate Caps on Consumer Access to Credit in Illinois

Retrieved on: 
Wednesday, March 8, 2023
Well, Finance, PLPA, Mississippi College, Federal Reserve, Mississippi State University, University, Interest rate cap and floor, Bank

The authors examined the effects of a rate cap law in Illinois and found that it led to a reduction in credit access for consumers.

Key Points: 
  • The authors examined the effects of a rate cap law in Illinois and found that it led to a reduction in credit access for consumers.
  • In 2021, Illinois imposed a 36% interest-rate cap on all loans under $40,000 through the Predatory Lending Prevention Act (PLPA).
  • Banks and credit unions are exempt from this rate cap.
  • Demand for small-dollar loans is not going away, but when all-in interest rate caps are imposed, access to credit is reduced, said Dr. Tom Miller.

KBRA Releases CREFC January Conference 2023 – Day 1 Recap

Retrieved on: 
Tuesday, January 10, 2023
Banking, Other Professional Services, Professional Services, Finance, Intellectual property valuation, Conference, CRE, KBRA, Interest rate cap and floor, CMBS, Real estate

KBRA releases its Day 1 recap of the CRE Finance Council (CREFC) January Conference 2023.

Key Points: 
  • KBRA releases its Day 1 recap of the CRE Finance Council (CREFC) January Conference 2023.
  • CREFC returned to Miami for its annual January conference, drawing a record attendance of approximately 2,300.
  • Registrants heard the views from various commercial real estate (CRE) finance experts, who discussed the macroeconomic environment’s impact on the industry, as well as potential opportunities.
  • The remainder of the day primarily consisted of closed CREFC forums, as well as a separate session on macro trends and the effects on CRE.

Thirty Capital Financial's SOFR With Ease™ Creates the First and Only Online SOFR Based Interest Rate Cap Calculator

Retrieved on: 
Tuesday, November 17, 2020
Money, Interest rates, Finance, Economy, Swaps, SOFR, Libor, Interest rate cap and floor, Calculator, European Regional Development Fund

CHARLOTTE, N.C., Nov. 17, 2020 /PRNewswire/ --Thirty Capital Financial's SOFR With Ease announced the launch of its newest web-based interest rate cap calculator tied to SOFR.

Key Points: 
  • CHARLOTTE, N.C., Nov. 17, 2020 /PRNewswire/ --Thirty Capital Financial's SOFR With Ease announced the launch of its newest web-based interest rate cap calculator tied to SOFR.
  • SOFR With Ease is an advisory service firm that offers expert interest rate hedging services and assists commercial real estate customers in navigating the transition from LIBOR to SOFR.
  • The new online calculator is the first and only SOFR cap calculator created.
  • Users of the calculator can receive an indication of a current SOFR Rate Cap and a side-by-side price comparison to a LIBOR Cap instantly.