Banks and International Regulators seem to have forgotton the basic rule in Britain that there is a law on "Usurious Interest Rates".
In Britain there is at present a problem on "Pay-day" loans ! Why ?
The problem seems to be that there is no longer anything which limits the interest rates which "Sharks" can oblige borrowers or repeat borrowers, to pay ?
Should George Osborne not cover this regrettable situation with updated laws ? Should "Sharks" not be prosecuted . "Pay-Day loans " or any other loans at usurious interest rates cannot be tolerated and should never form the basic justification of any National political policy ! Not to act is condoning what "Sharks" are doing now !
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