Press Release
FLA RESPONDS TO PAYMENT PROTECTION INSURANCE REFUNDS AGREEMENT STATEMENT
29 March 2007
The Finance & Leasing Association (FLA) welcomes the Financial Services Authority’s (FSA) recognition of constructive efforts of industry to ensure that consumers get a better deal from payment protection insurance (PPI).
Over the last 12 months, FLA members have ensured consumers who cancel PPI early get some kind of refund. The agreement announced today recognises the benefit to consumers of this industry initiative. It also properly reflects that PPI policies differ. Consumers are entitled to exercise their choice.
FLA Director General, Martin Hall, said:
“FLA is working with the FSA to ensure that any future rule changes are both proportionate and targeted.”
Latest Press Releases
- FLA Launches Good Practice Guidelines For Second Charge Mortgage Lenders
- FLA Highly Disappointed With Commission’s PPI Recommendations
- FLA Responds To New Mortgage Protocol
- FLA Calls On Government To Support Asset Finance For Small Businesses
- FLA Welcomes Consumer Credit Act Implementation
- FLA And Rmif Agree Memorandum Of Understanding
- The Finance & Leasing Association Responds To FSA On PPI
- Great Time To Buy A Car, Say NFDA And FLA
- Responsible lending consultation welcomed by FLA
- FULLY SHARIA'A COMPLIANT MEMBER WELCOMED INTO FLA
Spread your message to an audience that counts, with options available for our website, email bulletins and publications including The House Magazine.
