TEMPO Interactive, Jakarta:Chairman of the National Banks Association (Perbanas) Sigit Pramono, says the central bank’s regulation to cap overdue payments for credit cards will impact revenues. “Banks will lose a chunk of their income,” the chairman told Tempo on Sunday. Banks that issue credit cards previously applied a substantial fee for late payments. According to Sigit, overdue fees are one of the banks’ largest sources of income. However, the chairman refused to specify the decline in revenues that is expected to occur once the central bank’s policy is implemented. The central bank has issued Bank Indonesia directives No. 14/17/DASP, which limits the maximum charges to be applied for late payments of credit cards to 3 percent of the total amount to be paid. The highest charges to applied will not exceed Rp150,000. ALI NY | M ANDI PERDANA | SUNDARI