CAP has responded to the FCA’s most recent consultation about the high-cost credit, a topic of great importance to us. We were pleased that the FCA had set a broad scope for this consultation as we would like to see consumer protection in place across a wider variety of credit products. CAP clients are more likely to have debts from mainstream financial products, such as credit cards and overdrafts, than with payday lenders. It is often these mainstream products, particularly credit cards, where we see problematic levels of interest and charges, and therefore would like to see more consistent intervention to help those experiencing financial difficulty. To read our full response, click on the link below.