The Pollyanna reason is for online banking, but most people I know refer to it as porn mode, Quist of Offensive Computing told TechNewsDaily. To uncover what people actually used the private browsing function for, Stanford University's Aggarwal and his team embedded a search program in online advertising.
Interest rates. For the period 1 January 2017 to 30 June 2017 the following interest rates apply. Pre-judgment interest rate: 5.50% (the amount of pre-judgment interest is set by the local court (see Practice Note Civ 1 for more information). Post-judgment interest rate: 7.50% (the amount of post judgment interest is set by Rule 36.7 of the Uniform Civil Procedure Rules 2005).
Regardless, California's interest rate limit for sales contracts is 12 percent, and 7 percent for interest rates on judgments. What Is Usury? Usury is the act of lending money at an interest rate that is considered unreasonably high or that is higher than the rate permitted by California law. Usury first became common in England under King Henry VIII, and originally pertained to charging any amount of interest on loaned funds.