Finance and Leasing Association
Encyclopedia
The Finance and Leasing Association (FLA) is the leading trade association
for the UK
consumer credit, 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
plans, personal lease plans, secured and unsecured personal loans, credit cards and store card facilities.
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.
Trade association
A trade association, also known as an industry trade group, business association or sector association, is an organization founded and funded by businesses that operate in a specific industry...
for the UK
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
consumer credit, 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
A personal contract purchase is a form of vehicle finance for individual purchasers which has similarities to both personal contract hire and hire purchase...
plans, personal lease plans, secured and unsecured personal loans, credit cards and store card facilities.
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.