Trade Organisations

Question 1

What are the trade organisations for leasing

Answer 1

FLA
NACFB
BVRLA
LeaseEurope

Question 2

What is the FLA?

Answer 2

Finance Leasing Association
Trade body for the asset, customer and motor finance
Members include banks, subsidiaries, building societies
They make sure members views are heard and lobby industry issues

Question 3

What is the NAFCB?

Answer 3

1600 commercial finance brokers
Regulates brokers asking t hem to follow a code of conduct that was formally recognised by the Office of Fair Trade in 1994
Members follow best industry practice

Question 4

What is BVRLA?

Answer 4

UK trade body for vehicles
Looks at key business influences for its 1000+ members in relation to governments, public sector, key business influencers, road transport, environmental, taxation, tech and finance related issues

Question 5

What is LeaseEurope?

Answer 5

Represents umbrella body both the leasing and automotive rental industries
Composed of 45 members = 32 countries
Looks at laws/issues at a European level
Platform for best practices, networking and relevant 3rd parties at European level