Controversial short-term lending body appoints CEO
The Consumer Finance Association, the trade body for the controversial short-term lending sector, has appointed Russell Hamblin-Boone as its chief executive, taking over from John Lamidey at the end of August when Mr Lamidey’s contract with the CFA ends.
As chief executive of the CFA, Mr Hamblin-Boone will be tasked with implementing reforms to position the CFA as a key influencer in the debate on the future of consumer credit provision, the trade body said in a statement.
Short-term lenders, which include pay-day loans providers, have come in for mounting criticism in recent months over the high APRs which can be in the thousands of per cent, and are currently the subject of a government-sponsored review.
CFA members are licensed and regulated by the Office of Fair Trading.
Mr. Hamblin-Boone was previously head of communications at the Finance & Leasing Association, where he reformed the organisation’s internal and external communications function.
Mr Lamidey served as chief executive of the CFA for the last four years and in his new role he will be assisting short-term lender QuickQuid with its public relations and government relations functions.