Category: FinanceLoans

  • Britain plans crackdown on spiralling consumer credit costs

    By Huw Jones LONDON, May 31 (Reuters) – Britain’s financial watchdog is considering capping “rent-to-own”, a form of hire purchase for household goods, and reforming overdraft and other bank charges as it seeks to protect consumers from high credit costs. In a review of high cost credit published on Thursday, the Financial Conduct Authority (FCA) […]