RBS Secretly Charged 80% Interest on Loan

[sixmile]

http://www.timesonline.co.uk/tol/news/uk/article5299256.ece
"ROYAL Bank of Scotland has secretly changed customers’ accounts into personal loans with up to 80% interest, generating debts of as much as £100,000, an investigation has revealed.

The bank, which was effectively nationalised 10 days ago, has admitted that its debt collection branch drew up new loan agreements and accounts for customers without their consent. MPs this weekend questioned whether the scheme was legal.

Duncan and Debbie Birch from Torrington, Devon, say their £24,100 overdraft ballooned into a debt of £100,000 when new loan accounts were created without their permission.

Documents show that at one point the couple were being charged an interest rate of 80%, although the bank claims this was rectified. Yet the couple say it has now obtained a legal charge of £70,000 on their home"

[SOS]

1. The government of Scotland should remove the usury charges

Set the debt for the Birch family at the original 24,000 pounds.
Then arrest the board of directors for loan sharking and place them in a jail cell.