{"id":43635,"date":"2018-11-22T10:51:00","date_gmt":"2018-11-22T10:51:00","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=43635"},"modified":"2018-11-22T10:51:00","modified_gmt":"2018-11-22T10:51:00","slug":"the-fca-rules-that-100-interest-charges-are-fair","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2018\/11\/22\/the-fca-rules-that-100-interest-charges-are-fair\/","title":{"rendered":"The FCA rules that 100% interest charges are fair"},"content":{"rendered":"<p>The FT <a href=\"https:\/\/www.ft.com\/content\/f8310290-ee29-11e8-89c8-d36339d835c0?segmentId=e290fb57-33d0-1ede-79c6-9ee84234f3e2\" target=\"_blank\" rel=\"noopener\">has reported that<\/a>:<\/p>\n<blockquote><p>\u201cRent-to-own\u201d retailers such as BrightHouse will be banned from charging vulnerable customers over the odds for household goods under new rules proposed by financial regulators on Thursday.<\/p>\n<p>Rent to own involves customers obtaining products such as washing machines or electronics under hire-purchase agreements before taking ownership when they have completed all the payments.<\/p>\n<p>Under the proposed rules, which will come into force in April, firms will be banned from charging more than 100 per cent interest on items.<\/p><\/blockquote>\n<p>The implication is obvious: would appear that 100% interest rates are considered fair. This is what it is like to live in the UK in 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FT has reported that: \u201cRent-to-own\u201d retailers such as BrightHouse will be banned from charging vulnerable customers over the odds for household goods under new<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2018\/11\/22\/the-fca-rules-that-100-interest-charges-are-fair\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-43635","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/43635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=43635"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/43635\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=43635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=43635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=43635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}