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That this House notes that wonga.com is currently advertising a typical interest rate of 4214 per cent. and that this is not the only institution offering a similar service; further notes that these high interest rates are often paid by the poorest in society; believes that all financial institutions have a right to make a profit but that these companies are adding to poor families' financial problems; and further believes that the time is right to restrict the level of interest that can be charged on loans.
Total number of signatures: 31
Showing 31 out of 31