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Introduce usury laws to the UK to stop payday loan companies charging excessive intertest

Submitted on Monday 20th January 2014

Published on Wednesday 22nd January 2014

Current status: Closed

Closed: Thursday 22nd January 2015

Signatures: 5

Tagged with

UK

Petition Action

Introduce usury laws to the UK to stop payday loan companies charging excessive intertest

Additional Information

Introduce usury laws to the UK to stop payday loan companies charging excessive intertest. They have been used in the past to tackle exorbitant interest rates (1545 Act Against Usury) and there is current legislation in place in the US to try to tackle the issue


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