Submitted on Sunday 3rd March 2013
Rejected on Wednesday 21st June 2017
Current status: Rejected
Rejection code: irrelevant (see below for details)
Cap Interest Rates from Moneylenders
This Government must introduce a cap on interest charges levied by moneylenders in the UK.
Most other civilized countries worldwide, have a legal maximum interest rate on loans, of which the average is 48% APR.
We have no similar regulation; our Government allows unlimited interest charges.and thus actively encourages usurious practices.
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The Government e-Petitions Team gave the following reason:
52.14.150.55 Thu, 18 Apr 2024 11:54:08 +0100
