The Association of Finance Brokers (AFB) has launched the first set of authoritative sales data for the secured loans industry, following cross industry agreement.
The AFB will be provided with a range of data from lenders to help create an overall picture of the state of the industry. Data includes the volume and value of loans, repossession requests and repossessions completed, and figures on the sale of payment protection insurance (PPI). The AFB’s members will also provide details of their PPI sales. Robert Sinclair, director of the AFB, says: “The data collection service is an important step forward for the industry. We want to open the market up to greater scrutiny and demonstrate how many people do benefit from our industry and what we are do...
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