Submitted on Thursday 20th October 2011
Rejected on Wednesday 21st June 2017
Current status: Rejected
Rejection code: duplicate (see below for details)
Act Now To End Legal Loan Sharking
This petition condemns the Government for continuing to delay action on regulating the high-cost credit market and calls on them to introduce caps on the total cost of credit, so that British consumers get the same protection from payday lenders, home credit companies and hire purchase agreement providers as enjoyed by others across the world. Given the evidence of growing numbers of UK consumers getting into debt as a result of these forms of credit we call upon the UK Parliament to act on this matter before Christmas in order to defend British consumers from the legal loan shark industry.
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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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