Regulatory Alerts2018-11-21
Added · Updated
CP18/35: 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 document to provide feedback on CP18/12 and to consult on introducing a price cap for rent-to-own agreements and other alternative high-cost credit products. The consultation aims to protect consumers from excessive costs associated with these credit arrangements by establishing clear regulatory limits. The feedback section outlines the regulator's response to previous stakeholder comments, while the consultation phase seeks input on the specific design and implementation of the proposed price cap.