Response to FCA consultation on proposed cap on rent-to-own stores

This week CAS responded to a Financial Conduct Authority (FCA) consultation to support their proposed cap on rent-to-own stores, e.g. Brighthouse. This was one of the recommendations in CAS’ Home Truths report and CAS is grateful for the assistance provided by local CAB in contributing evidence for this report. The proposed cap has the potential to reduce harm caused to a vulnerable group of consumers with limited access to affordable credit.