Submitted on Friday 30th December 2011
Rejected on Wednesday 21st June 2017
Current status: Rejected
Rejection code: duplicate (see below for details)
Ban financial products which charge more than 100% APR interest
There are so many financial products cropping up recently which charge extremely high interest rates, targeting vulnerable customers.
There is no way of repaying capital in installments when they charge more than 100% interest.
Hence ban such products
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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.
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18.119.114.187 Wed, 20 Nov 2024 15:34:56 +0000