The Financial Conduct Authority said the company, which supplies household goods on high-cost credit, had not been ‘a responsible lender’Britain’s biggest rent-to-own retailer, BrightHouse, faces a £14.8m bill to compensate nearly 250,000 customers as part of a clampdown on the sector by Britain’s financial regulator.The Financial Conduct Authority has ordered the company – which supplies household goods such as TVs and washing machines on high-cost credit to people who cannot access more usual credit facilities – to pay £14.8m to 249,000 customers. Continue reading…
Via: Rent-to-own retailer BrightHouse ordered to repay £14.8m to customers

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