Important:

This petition was submitted during the 2010-2015 parliament

Petition Make lending at over 30% illegal, re-enfrancjise all adults into the banking system, create a social bank, esp. in Lloyds & RBS using "bonus matching"

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Lending at over 30% to be made illegal. All banks to pay 100% of bonus payments plus 100% of all staff benefits over £250000 annually, into a "social bank" or division, which will lend to disadvantaged/disenfranchised/non-qualifying people largely "as of right" within certain parameters, to replace the peripheral lenders. This is not a tax, simply an allocation of capital which the banks should even make money out of this. Further, it should be mandatory that any UK bank will open a bank account and grant a debit card to any UK citizen. All current lending at in excess of 30% rates should be repaid by the newly created bank funds (fully, as of right), thereby replacing >30% rate loans with ones from reputable lenders. Most appropriate way to balance the bonuses with those with most need. Removes parasite lenders. Protects the most vulnerable.

This petition is closed This petition ran for 6 months

3 signatures

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