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Usuary Act

Submitted on Tuesday 17th January 2012

Published on Wednesday 18th January 2012

Current status: Closed

Closed: Friday 18th January 2013

Signatures: 1

Petition Action

Usuary Act

Additional Information

Commercial lending should have a maximum annual interest including any fees and management charges of 15% p.a.

The Government should bring in a 'Usuary Act' to stop banks, pay-day lenders et al from charging usuary rates of interest causing distress to the poorest members of our society.


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