Regulatory AlertsCP18/35: Rent-to-own and alternatives to high-cost credit – feedback on CP18/12 and consultation on a price cap
The Financial Conduct Authority issued this consultation to propose a price cap on rent-to-own and other high-cost credit products. The document provides feedback on previous consultation CP18/12 and seeks views on the specific design and implementation of the new regulatory cap. It aims to protect consumers from excessive costs associated with short-term credit arrangements by setting strict limits on charges and fees.
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