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.