Submitted on Saturday 28th March 2020
Rejected on Friday 24th April 2020
Current status: Rejected
Rejection code: duplicate (see below for details)
Stop banks to change high interest charges on overdrafts and credit cards
Government to set regulations for banks to place interests rates to a maximum that can be affordable to people for debts to be repaid.
I am a single parent - I work full time but the salary is not sufficient to reach month end. All bills increase yearly and still banks continue to also increase their interests level to (now) 40% for overdrafts and credit cards. Impossible to repay any debt, and risking families to declare bankruptcy. Banks care only for their financial greedy games - people are living in despair. Please reach an agreement with banks to stop charging so much and introduce further regulations to help people.
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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.
You may wish to sign this petition calling for the same action: petition.parliament.uk/petitions/304268
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