The secured lending sector is to get a new representative trade body under plans announced yesterday to wind up the Corporation of Finance Brokers (CFB) and incorporate it within the newly formed Association of Finance Brokers (AFB).
The AFB is the product of a strategic alliance between the Association of Mortgage Intermediaries (AMI) and the CFB. Under the agreement between the two bodies, AMI says CFB members will benefit from an increased profile and opportunity to influence the future of second charge lending. The AFB will operate as a division of AIFA, and will focus on the particular needs of the secured loan intermediary, in much the same way that AMI focuses on mortgage intermediaries lobbying and representational requirements. Chris Cummings, director general of AMI and AIFA, says a recent survey of AMI me...
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