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Anti loan sharking and loans with excessive interest rates

Submitted on Thursday 17th January 2013

Rejected on Wednesday 21st June 2017

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

Anti loan sharking and loans with excessive interest rates

Additional Information

To implement a set of laws that cover usury, the excessive interest charged on all loans,including payday loans, credit card interest. To cap all loans at a reasonable level recognising that there are huge numbers of victims of these extortionate interest rates. A part of the new usury law would protect all borrowers in default from victimisation and intimidation.


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This petition was rejected

The Government e-Petitions Team gave the following reason:

There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

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