Sentences with phrase «payment penalties violate»

These class actions argued that the late payment penalties violate the criminal rate of interest.

Not exact matches

Regulators could review our practice of taking reservation payments and, if the practice is deemed to violate applicable law, we could be required to pay penalties or refund the reservation payments that we have received for vehicles that are not immediately available for delivery, to stop accepting additional reservation payments, to restructure certain aspects of our reservation program, and potentially to suspend or revoke our licenses to manufacture and sell our vehicles.

As the 2019 elections draw near, the Abuja Metropolitan Management Council, AMMC, has urged various political parties and politicians against defacing the city with their campaign posters, disclosing that the penalty for violating the guideline was one million for an organisation and N100, 000 for an individual; including payment for the removal of those posters.

Aeroflot violated the rule on full - fare advertising and the rule requiring airlines to include a commitment in their customer service plans allowing consumers either to hold reservations at the quoted fare without payment, or cancel without penalty, for 24 hours after they book a flight.

Also called the default rate, the penalty rate is the high interest rate charged by credit card companies when the cardholder violates their credit card contract typically by failure to make a timely payment.

That nearly doubles to 29.99 percent if you happen to violate one of its penalties, although, they're pretty standard things such as late payments and having your account go above its limit.

Similarly, banks charge high - rate penalty APRs to customers who have made late payments or violated other terms of the cardholder agreement, and offer low - rate introductory APRs to entice new customers — preferably those who tend to carry a balance on their cards.

Massachusetts software company, PTC, Inc. («PTC») agreed to pay a $ 14.5 million criminal penalty to resolve a Department of Justice («DOJ») investigation into payments for recreational travel by Chinese government officials that violated the Foreign Corrupt Practices Act «(«FCPA») and a civil settlement with the U.S. Securities and Exchange Commission («SEC») by disgorging $ 11.8 million.