Cambrian Credit Union calls on FCA to go further with rent-to-own cap

Cambrian Credit Union has welcomed a decision by the Financial Conduct Authority (FCA) to reduce the cap on rent-to-own interest rates, but says the regulatory body should go further. The credit union staged a protest in Rhyl earlier this month warning shoppers of the high interest rates charged by rent-to-own companies. General manager of Cambrian Credit Union said: “We welcome the news of a ... [More]