Rejected petition Ban financial products which charge more than 100% APR interest

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There are so many financial products cropping up recently which charge extremely high interest rates, targeting vulnerable customers.

There is no way of repaying capital in installments when they charge more than 100% interest.

Hence ban such products

This petition was rejected

Why was this petition rejected?

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.

We only reject petitions that don’t meet the petition standards.

Date submitted 30 December 2011
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