stop criminal interest rates
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We are allowing unscrupulous companies to apply extreme interest rates to loans aimed at people who have very little, and likely not able to work out that the interest means they will never repay the loan, or just don't read the small print. A typical mafia loan mob in the past would charge in the region of 300% interest (you pay back 3 times what you borrow) and yet we legally allow "sunny" to sell loans of 1200% apr , lending stream also 1300% , quick quid 1294% apr, and there are a growing number of legal loans on offer with over 400% apr and some as much as 3000% apr. This should be illegal, no bank or lending body should be allowed to exploit people who are desperate enough to need money this badly, the mafia loan sharks are illegal we should not tolerate this.
My proposition is Ban interest rates over 40% apr. and stop the greed in our banking system exploiting the least fortunate.
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