Newspapers and news shows on Thailand recently reported the arrest of company owners who were charging interest on loans above the maximum rate. Thai laws prohibit companies from charging over 15% on loans. This law is rarely followed and easily fixed by adding fees to loans. Most banks even charge rates higher than this. One particular bank is current offering "Speedy Cash" loans with interest rates of 28% per year. Unregulated lending companies charge considerably higher as the news article today states. In the province of Udon Thani, a registered company was offering loans with an interest rate of 2% per Day This equates to over 700% per year in interest charges. To read the full story, click on the following link: ThaiRath