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The City of Chicago and a utility watchdog group are accusing some electric suppliers of misleading and overcharging customers...Alternative suppliers charge variable rates, and some of those utility companies are now facing scrutiny. James Robinson
Tribune staff reporter Helen Ramirez-Odell thought she'd done her research when she decided to sign up to have her Chicago home supplied with electricity from Spark Energy. She was surprised when her electricity rates suddenly jumped up by 50 percent.
ET Mortgages below 2% resurface 3:40 Canada's mortgage market was shaken up with a mortgage rate below two per cent on Tuesday as Investors Group unveiled a three-year variable rate mortgage at 1.99 per cent. The Winnipeg-based financial services
A state market analysis released in March by the Office of Consumer Counsel estimated Connecticut consumers were overpaying for electricity by an estimated $13.7 million a month: more than 140,000 utility customers in January 2014 were paying more
The bank has around 70,000 mortgage customers on variable rates. Interest charged to its existing customers on variable rates will jump from 4.34pc to 4.5pc, a move that will mean monthly repayments will go up by around 18 for every 100,000 of
We were seeing a lot of lenders cutting their fixed rates, making them enticing for borrowers and people were unsure of what the RBA was going to do next so they saw that as an opportunity to fix part or all of their mortgage. "But now we are seeing
The biggest victims of interest-rate swaps have been local governments, universities, pension funds, and other public entities. The banks have made renegotiating these deals prohibitively expensive, and renegotiation itself is an inadequate remedy.
Apr 13, 2014 Taxpayers are paying billions of dollars for a swindle pulled off by the world's biggest banks, using a form of derivative called interest-rate swaps; and the Federal Deposit Insurance Corporation has now joined a chorus of litigants
The vote came during the board's March 19 meeting, when school directors also voted to refund another series of bonds that were in an interest rate swap, transferring that money to variable rate bonds with the Butler County General Authority. Board
Matt Kumpar paid $622 for the electricity his auto shop used in January, so he thought the February charge a whopping $3,192 was a mistake...The rate for his electric supply skyrocketed, a shift his provider blamed on abnormally low temperatures