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Found 6 results

  1. A price cap to help consumers who use "rent-to-own" firms to buy goods is a possibility, the head of the City regulator has said. Andrew Bailey, the chief executive of the Financial Conduct Authority (FCA), said a cap would be considered as part of its inquiry into high-cost credit. Up to 400,000 people use rent-to-own firms to buy household appliances, paying the money back over three years. After interest, they can end up paying three times the original price. It follows a call for a cap from Citizens Advice, which said restrictions imposed on payday lenders two yea
  2. Consumers who are forced to have prepayment energy meters put in should face a maximum installation fee of £150, the regulator has proposed. Currently such energy users - already the most vulnerable to debt - face a charge of up to £900, said Ofgem. As many as 4.5 million people use prepayment meters for electricity, while 3.5 million use them for gas. Ofgem is suggesting that the maximum fee should be between £100 and £150. For particularly vulnerable consumers, such as those in financial hardship or those with health issues, it says there should be no charge at all.
  3. Interest capped at 0.8% a day. Default Charges £15 per month. http://www.bbc.co.uk/news/business-30000472
  4. Insurance premiums may be cut by plan to cap cost of courtesy cars Regulator wants to stop insurers from inflating repair and hire costs, which are passed on to at-fault driver after an accident Motorists could see their insurance premiums fall following proposals by the competition watchdog to cap the over-inflated prices insurers charge for courtesy cars. The Competition and Markets Authority (CMA), which superseded the Competition Commission earlier this year, wants to end the widespread practice that sees the insurer of an innocent driver
  5. http://news.sky.com/story/1173188/payday-loans-to-be-capped-by-government
  6. Read this article and you will be flabbergasted! Click on this link. http://www.dailymail.co.uk/news/article-2238017/UK-gives-19million-aid-South-Africa--president-spends-17-5million-palace.html
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