Dec 9 Consumer credit lender International Personal Finance Plc said on Friday it was assessing the hit on its profit from Poland's proposed rules to cap non-interest costs on consumer loans.
Poland plans to cap non-interest costs at 75 percent of the amount of the loan, according to the draft bill by the country's Justice Ministry. At present, the cap stands at 100 percent.
IPF shares fell as much as 48 percent to 147.7 pence, before paring some losses to close at 163.7 pence on the London Stock Exchange. (Reporting by Sanjeeban Sarkar in Bengaluru; Editing by Anil D'Silva)
States' Medicaid spending to increase under Senate bill -report
NEW YORK, June 28 The now-delayed U.S. Senate healthcare overhaul bill would boost state spending on Medicaid by $565 million in 2022, according to an independent report issued on Wednesday, while credit agencies said it would cause states to face downward pressure on their credit ratings.