News
Updated Lending Code provides new rights and protections for borrowers-
1 Feb 2012
The FLA Lending Code, which has been protecting borrowers for twenty years, has been relaunched today with a range of new protections for borrowers in financial difficulty, and new rights for users of store cards and short-term credit. 
Finance House Base Rate (FHBR) is 1.5% for February 2012-
27 Jan 2012
The FHBR will be 1.5% for February 2012, which represents no change compared with January 2012. 
CCA is the right starting point for future consumer credit regulation-
17 Jan 2012
The Finance and Leasing Association, which represents consumer and small business finance providers, has given its support to the Financial Services Consumer Panel, which today called for the Consumer Credit Act to form the basis for any new regulatory regime. 
Consumers cautious with credit in run up to Christmas-
16 Jan 2012
New consumer credit fell by 2% in November as shoppers remained cautious in the run-up to Christmas, according to the latest figures from the Finance & Leasing Association. Spending through store cards, store instalment credit, personal loans and credit cards all fell, leading to an overall drop in lending by FLA members in November compared with the same month a year before. 
FLA credit figures show pre-Christmas growth in consumer markets-
20 Dec 2011
Consumers used 5% more credit in October than in the same month in 2010, according to the latest figures from the Finance & Leasing Association. Car purchases played a big part, with increases seen in credit for both new and used cars. Growth was also seen in personal loans, credit cards, and store cards. 
FLA: Financial Services Bill Joint Committee report response-
19 Dec 2011
Responding to the Financial Services Bill Joint Committee report, published today, the Director General of the Finance & Leasing Association, Stephen Sklaroff, said 
Lenders and Advisers offer Christmas spending tips-
1 Dec 2011
Many people will be using credit cards and other forms of personal credit in the run-up to Christmas. At a time when most households are keeping a tight hold on their budgets, careful planning of Christmas spending is essential. These tips from the Consumer Credit Counselling Service and the FLA may help: 
September consumer lending up, but not on the High Street-
30 Nov 2011
Lending to consumers by members of the Finance and Leasing Association grew in September, according to the Association's latest market statistics. 
New deal for store card customers-
21 Nov 2011
The Finance & Leasing Association (FLA) - which represents UK store card providers - has agreed a package of new measures which will benefit store card customers, working with the Government and the British Retail Consortium (BRC). These build on existing good practice in the market and will be implemented via the FLA's Lending Code, which is binding on all its members. 
Second charge repossessions remain low in Q3-
10 Nov 2011
The total number of second charge mortgage repossessions so far this year is 649, 7.8% lower than in the same period in 2010, according to figures released today by the Finance & Leasing Association (FLA).
