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    Profile of registrant

Consumer Finance Association

Identification number in the register: 24843495531-93
Registration date: 22/03/2011 10:44:08

The information on this entity was last modified on: 06/02/2015 12:30:59
The date of the last annual update was: 06/02/2015 12:30:59
Next update due latest on: 06/02/2016

    Registrant : Organisation or self-employed individual

Consumer Finance Association


UK Company limited by Guarantee

    Section of registration

II - In-house lobbyists and trade/business/professional associations

Trade and business associations

    Contact details

Pall Mall, 78
London SW1Y 5ES

(+44) 2031787410

    Person with legal responsibility

Ms  Caroline Walton


    Person in charge of EU relations

Mr  Russell Hamblin-Boone


    Goals / remit

The Consumer Finance Association (CFA) is a UK trade association which represents the interests of businesses offering short term, unsecured personal loans. CFA members are licensed and regulated by the Office of Fair Trading.

Ours is a modern and innovative form of lending that is not designed to build up long term debt. Customers borrow what is required and pay it back quickly. Delivery is both traditional through high street offices and innovative via the internet. We offer customers short term loans, usually small sums that are due to be repaid in one or two instalments within two months. These loans are sometimes known as 'pay day loans' because the customer usually repays the loan once they have received their salary.

The typical payday loan customer is a young adult or in early middle age, and relatively free of financial commitments such as a mortgage or dependent children. S/he may be averse to running up long term unsecured debt but would rather choose to borrow and repay over a short period to ease personal cashflow when a number of bills arrive at once, or to fund an acquisition or activity.


    Specific activities covered by the Register

Data protection







We are primarily concerned with the provision of unsecured consumer credit supplied by non banks. We are concerned that the EU Consumer Credit Directive 2008 fails to make adequate arrangements for cross border lending by non banks, particularly for on-line lending.

We are also interested in the regulation of unsecured consumer credit throughout the EU.

    Number of persons involved in the activities described in the box above

100%: 4  



    Persons accredited for access to European Parliament premises

No accredited persons

    Fields of interest

  • Consumer Affairs
  • Economic and Financial Affairs

    Membership and affiliation

Confederation of British Industry (CBI)

    Financial data

11/2013  -  10/2014

< 9,999 €

No funding received from the EU institutions during the last closed financial year.

The CFA is a membership organisation entirely funded by its member businesses.

    Code of conduct

By its registration the organisation has signed the Transparency Register Code of Conduct.