Petition Make predatory lenders illegal in the UK
We call on the UK Government to take immediate action against predatory lending practices by high-cost short-term credit providers, which can charge extortionate interest rates as high as 1,271% APR.
More details
We urge the Government to introduce a lower cap on interest rates to prevent lenders from charging excessive APRs; ban the advertisement of high-cost loans and credit providers on mainstream media to protect vulnerable consumers and review the role of the FCA in regulating these lenders and ensure it is enforcing stronger consumer protections.
53 signatures
Show on a map the geographical breakdown of signatures by constituency
10,000 signatures required to get a government response
At 10,000 signatures...
At 10,000 signatures, government will respond to this petition
At 100,000 signatures...
At 100,000 signatures, this petition will be considered for debate in Parliament