The Finance and Leasing Association (FLA) is the leading
trade association
A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific Industry (economics), industry. An industry tra ...
for the
UK consumer credit
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), ...
, motor finance and asset finance sectors, and the largest organisation of its type in Europe. Members of FLA include: banks, subsidiaries of banks and building societies, the finance arms of retailers and manufacturing companies as well as independent firms. They also represent 75% of "second charge" lenders
and in the wake of the growing credit and mortgage problems, have extended their support of so-called responsible lending.
Members provide a range of services including: finance leasing, operating leasing, hire purchase, conditional sale,
personal contract purchase
Personal contract purchase (PCP), often referred to as a personal contract plan, is a form of hire purchase vehicle finance for individual purchasers, to both personal contract hire and a traditional hire purchase (buying on installments).
Unlik ...
plans, personal lease plans, secured and unsecured personal loans.
The FLA campaigns on key industry issues and influences proposals for change. It helps shape the development of government policy and regulation. This involves developing policy areas across the wide range of industry issues, lobbying decision-makers both at home and in Europe.
FLA Board
Rebecca McNeil is currently the Chair of the FLA Board.
References
External links
Finance and Leasing Association
Financial services companies of the United Kingdom
Leasing companies
Trade associations based in the United Kingdom
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