Supreme Court ruling on Katsekis Law loans sparks differing bank interpretations

The Supreme Court ruled that interest on Katsekis Law loans should be calculated on the monthly installment, not the total debt. This decision offers protection to thousands of borrowers but may lead to new legal disputes as banks interpret the ruling differently. The court clarified that interest should be calculated on the monthly payment, not the principal. Banks argue that interest accrues on each installment based on the time elapsed since the loan's regulation, potentially leading to ongoing disputes over recalculating debts.