The FLA has published its Manifesto proposing five areas which could assist the UK to boost its growth and productivity. The FLA recommends that credit markets handle personal data responsibly and urges the Government to ensure that any new EU data protection regulations do not make it more difficult for lenders to lend responsibly. The FLA noted that in order to lend responsibly, lenders are required to use the data voluntarily provided by consumers to assess whether the consumer would be able to meet the terms of the agreement. The FLA note that if the draft EU Data Protection Regulation is implemented in its current form it would prevent credit providers accessing data they need.

FLA 2015 Manifesto