Rejected petition Cap Interest Rates from Moneylenders

More details

This Government must introduce a cap on interest charges levied by moneylenders in the UK.

Most other civilized countries worldwide, have a legal maximum interest rate on loans, of which the average is 48% APR.

We have no similar regulation; our Government allows unlimited interest charges.and thus actively encourages usurious practices.

This petition was rejected

Why was this petition rejected?

It’s about something that the UK Government or Parliament is not directly responsible for.

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

Date submitted 3 March 2013
Get petition data (json format)

About petition data

The data shows the number of people who have signed the petition by country as well as in the constituency of each Member of Parliament. This data is available for all petitions on the site. It is not a list of people who have signed the petition. The only name that is shared on the site is that of the petition creator.