This petition was submitted during the 2010-2015 parliament
Rejected petition The regulation/outlaw of unethical monetary loans, e g. Wonga.com
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Legalised loan sharks preying on the vulnerable by charging extortionate interest rates. This is exploitation at it's worst and should have no place in a forward thinking, empathetic society. Stringent regulations should be enforced by the law to prevent such usury. Wonga.com is thought be the most prolific loan company operating in the UK today and should have sanctions placed against it.
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