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Pay Day Loans- Legislate for maximum interest rate

Submitted on Wednesday 14th November 2012

Rejected on Wednesday 21st June 2017

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

Pay Day Loans- Legislate for maximum interest rate

Additional Information

Legislation is needed to set a maximum interest rate which any lender can charge. This will help protect the interests of the most vulnerable and needier members of society.
There is a need for short term loans but at reasonable rates not extortion.


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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.

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