Connect » Policy and government » CAP’s official response to the FCA’s latest consultation on rent-to-own and alternatives to high-cost credit
Policy and Government
CAP’s official response to the FCA’s latest consultation on rent-to-own and alternatives to high-cost credit
17 January 2019
CAP welcomes the FCA’s latest consultation on rent-to-own (RTO) and alternatives to high-cost credit. We were pleased to see the proposals aimed to reduce the harm in the RTO industry and agree that intervention is necessary. We welcome the proposals for a 100% price cap, as well as the requirement for benchmarking the base price, helping to reduce the cost of RTO goods and make them more affordable. We were concerned, however, that the rule regarding controlling the price of arrears may be too vague and in need of additional detail, in order to ensure that the measures designed to reduce harm are effective. Read our full response below.
Read the full document hereLatest news and blogs
There’s a lot to learn from Lent
CAP gives TV licence scheme top rating
Five minutes with… Andrew Wilson
Our details
Telephone
01274 760720
Email
info@capuk.org
Address
Jubilee Mill, North Street, Bradford, BD1 4EW
Privacy, Complaints, Cookies, Accessibility & Legal Information
Charity registered numbers: 1097217 (England and Wales), SC038776 (Scotland).
Company Limited by Guarantee, Registered in England and Wales number: 4655175.
CAP is authorised and regulated by the Financial Conduct Authority.
Quick links
--
Follow us on social
about 1 hour ago
We have a team of #volunteers at Head Office (Bradford) who take care of admin tasks (typing, filing, phoning) and… https://t.co/D6KR6ci2d0
about 1 hour ago
Lots of little acts of generosity stack up. CAP wouldn't be possible without the thousands of supporters who dig de… https://t.co/tnf3jhD62k
4 hours ago
UK poverty is crushing people. Our vision is for the UK church to be the answer! Whether you’re a partner church or… https://t.co/h9KnGuoGju
8 hours ago
This week’s regional focus is the Midlands. The Coventry Debt Centre is run through a network of 40 churches from a… https://t.co/wuFxbP0mnx
9 hours ago
Debt can be very isolating. 44% of clients were afraid to leave their house before they accessed our help. Human in… https://t.co/F4fHjnC2r4
15 hours ago
The average priority debt owed by new CAP clients has increased by over 300% since 2006. Priority debt includes thi… https://t.co/cuqQVMPCwD
Follow us on Twitter
Like us on Facebook
Follow us on Instagram