Year: 2016

Responding to the FCA announcement of a review of high-cost credit, Russell Hamblin-Boone, Chief Executive of the Consumer Finance Association said: “The FCA review is a good first step. Today we have…

New research shows consumers have benefited from reform of high-cost short term credit market Cost of borrowing down £36 for a 30-day loan Over half of borrowers say loans are more affordable…

Russell Hamblin-Boone, chief executive of the Consumer Finance Association said: “It is unfortunate this report fails to acknowledge the significant changes in the regulated short-term lending sector and we don’t recognise the…

Russell Hamblin-Boone, chief executive of the Consumer Finance Association, said: “This small survey by StepChange is misinformed and draws the wrong conclusions. Cold calling is carried out by unscrupulous firms who purchase…

The Consumer Finance Association responds to the Broadcasting Committee of Adverting Practice payday loans scheduling consultation. Consumer Finance Association CEO, Russell Hamblin-Boone, said: “We are pleased that after an extensive review the…

Responding to the Financial Ombudsman Service review, Hamblin-Boone, Consumer Finance Association CEO said: “We are disappointed to see a rise in the numbers of payday lending complaints following the improvements the sector…

Responding to Google’s policy statement on payday lending Russell Hamblin-Boone, chief executive of the Consumer Finance Association, said: “UK consumers enjoy a vibrant, highly competitive credit market and we will be interested…

Russell Hamblin-Boone, Consumer Finance Association CEO said: “It is surprising that Islington Council has made judgements, which appear to be based on political point scoring and electioneering rather than actually representing the…

Responding to the Carnegie Trust UK report into affordable credit, Consumer FInance Association CEO Russell Hamblin-Boone said: “This report recognises that the poorest people have never had access to credit. They are…

Russell Hamblin-Boone of the Consumer Finance Association said: “On Safer Internet Day UK borrowers should not only consider how to protect themselves online, but also how to avoid bogus loan websites. Criminals…