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Ban financial products which charge more than 100% APR interest

Submitted on Friday 30th December 2011

Rejected on Wednesday 21st June 2017

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

Ban financial products which charge more than 100% APR interest

Additional Information

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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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.

Have your say on this petition!

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