FLA

Meaning and Definition

FLA stands for Finance & Leasing Association. It is the leading trade association for the UK's asset, consumer, and motor finance sectors. FLA represents finance providers and promotes responsible lending practices, consumer protection, and industry standards within the finance and leasing industry.

Why it is important to know

Understanding FLA is important for individuals seeking car finance as it signifies the involvement of finance providers associated with FLA. FLA members adhere to a code of conduct that promotes fair treatment of customers, transparency, and responsible lending practices. Choosing a finance provider associated with FLA provides borrowers with the assurance that the lender operates in accordance with industry best practices and values consumer protection.