FIN.

FCA pleased with RTO price cap

FCA has published an evaluation, which it says shows its rent-to-own price cap, which took effect in April 2019 has been effective in reducing the prices RTO firms charge.  It says the prices of the two largest firms in the market at the time of its intervention have fallen by an average of 19%, and that there is no evidence that firms have increased other prices or charges to make up for the reductions the cap has brought.

Emma Radmore