Regulator targets high-cost credit deals on consumer goods, loans and overdrafts

Watchdog could introduce price caps on catalogue credit and rent-to-own, similar to those imposed on payday loansA wide range of high-cost credit – from catalogue loans to overdrafts – is to be reviewed by the Financial Conduct Authority in a move that could herald price caps similar to those imposed on payday loans.Since 2015, the City regulator has prevented payday loan customers paying back any more than twice the value of the amount borrowed. The FCA will now look at whether the