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interest rates - reintroduce usury laws

Submitted on Friday 12th August 2011

Published on Monday 22nd August 2011

Current status: Closed

Closed: Wednesday 22nd August 2012

Signatures: 23

Tagged with

England

Petition Action

interest rates - reintroduce usury laws

Additional Information

Introduce laws to limit interest rates charged by banks, Lenders and financial institutions. The max that any bank or lender can charge should be no more than 10% above the Bank of England base rate.

Interest rates of over 3000% charged by banks and other lenders are a national disgrace and on a par with loan sharks. That the government allows such rates shows how morally corrupt they are


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