FLA meaning in Banking ?

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Answer:

What is Finance and Leasing Association mean?

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.

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.

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Posted on 22 Dec 2024, this text provides information on Miscellaneous in Banking related to Banking. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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