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Consumer finance up 7% in last twelve months PDF Print E-mail
Friday, 10 April 2015

Figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 7% in the twelve months to February 2015.

Retail store and online credit grew by 6% in the same period and second charge mortgage new business by 24%.

Commenting, Fiona Hoyle, Head of Consumer Finance at the FLA, said:

“It’s important that the new Government creates the right conditions for FLA members to continue to serve their customers and support economic growth. Above all, that will mean a period of stability after the implementation last year of a new system of credit regulation.”

(Source - FLA News Release)  

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