The Consumers’ Forum launches second part of it’s campaign for greater consumer protection.
Last month The Consumers' Forum decided that it would not sit by and watch the banks and other financial institutions continue to exploit the law to continue stealing from the poor to supplement the rich. The Consumers’ Forum gave consumers a new particulars of claim so if they wanted, they could once again have a fighting chance of achieving justice in court.
In 2005, The Consumers Forum also highlighted concern that there was no longer a cap on APR limits as the Consumer Credit Act 1974 had removed it. This warning went unheeded and regrettably over the last few year a large number of companies have set up to abuse this defect in consumer protection, they charge consumers APR rates of up to and over 4000%. The Government has once again allowed a system which allows the rich to take advantage and abuse the disadvantaged and poorest members of our Society to take root.
The Consumer forum is writing to every single Member of Parliament, to ask them to bring in new Legislation to give the consumer better protection, bring an end to unlawful bank charges,once and for all and to reintroduce a Cap on the amount of APR,that a consumer can be charged, as so many other countries around the world have already done.
We would like you to join us in this fight be either sending our template letterfound HERE to your MP or by sending your own.
You can find out who your MP is HERE