Submitted on Thursday 4th August 2011
Rejected on Wednesday 21st June 2017
Current status: Rejected
Rejection code: no-action (see below for details)
Maximum Lending Rate for Loans
We petition the Government to set a legal maximum lending rate for all loans, to protect people from unscrupulous lenders and loan sharks. We note that PayDay lenders from the U.S.A. are able to operate freely here although their activities have been severely curtailed in many American States, Canada, and most leading European countries and therefore call on the government to follow the lead of these countries in making fair rules for British borrowers.
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The Government e-Petitions Team gave the following reason:
3.144.227.3 Mon, 23 Dec 2024 12:42:02 +0000
