FCA’s proposal for firms such as BrightHouse aims to save consumers more than £200m a yearThe City watchdog is planning a price cap for rent-to-own retailers as part of a crackdown on high-cost credit and overdrafts to save consumers more than £200m a year. Although stopping short of capping charges on overdrafts, the Financial Conduct Authority outlined a series of measures on Thursday amid growing calls to protect vulnerable consumers. Continue reading…
Source : theguardian.com
Read more…Watchdog planning price cap on rent-to-own credit terms















