Share on:

Policy and Government

CAP’s official response to the FCA’s latest consultation on rent-to-own and alternatives to high-cost credit

calendar17 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 here

Latest news and blogs

The impact of writing a letter: update from our Simplify the Solution campaign

Blog | Wednesday, 09 June 2021

Step outside and boost your wellbeing this Mental Health Awareness Week

Improve your mood, your health and your faith by getting outdoors this Mental Health Awareness Week (or any other time!)
Blog | Monday, 10 May 2021

This is our story: the impact of poverty in a pandemic

News | Wednesday, 28 April 2021