蜜芽传媒

A 鈥渞adical鈥� overhaul of rules around UK bank overdrafts and businesses that offer products to vulnerable customers on a rent-to-own basis has been proposed by the UK鈥檚 financial watchdog after a review into high-cost credit.The Financial Conduct Authority (FCA) has spent nearly two years studying borrowing at high interest rates. It has now outlined a package of plans for rent-to-own, doorstep lending and catalogue shopping. John Humphrys spoke to Kevin Peachey, the 蜜芽传媒's personal finance reporter, debt councillor Paula Goddard, chief executive of the FCA Andrew Bailey and Labour MP Stella Creasy, who has been campaigning for a change in the rules.

(Photo: Money, credit: Press Association)