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Maximum APR (Annual Percentage Rate of Interest)

Submitted on Thursday 20th June 2013

Published on Tuesday 25th June 2013

Current status: Closed

Closed: Wednesday 25th June 2014

Signatures: 6

Tagged with

England

Petition Action

Maximum APR (Annual Percentage Rate of Interest)

Additional Information

Limit the Maximum Rate of Interest charged on ANY loan, credit agreement or credit card to a multiple of 5 times the Bank of England Base Rate.

At the same time set a Minimum Interest Rate to be paid to Savers of twice the Bank of England Base Rate.


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