Morses Club PLC (LON:MCL), an established provider of non-standard financial services, has announced that Paul Smith, Chief Executive Officer of Morses Club, has been appointed as a Board Director of the Consumer Credit Trade Association. Paul Smith will continue to serve as a panel member of the Smaller Business Practitioners Panel of the Financial Conduct Authority alongside his new role.
The CCTA is an independent trade body which represents alternative lenders in the UK. Working closely with regulators and Government, the CCTA aims to promote best practice and provides a strong independent voice for its over 230 members and the market as a whole. The Consumer Finance Association recently became part of the CCTA, further increasing the Association’s ability to inform decision making and promote responsible lending.
Jason Wassel, Chief Executive Officer of the CCTA, commented:
“I am delighted that Paul has accepted the invitation to join our Board of Directors. We know that his experience in lending and in-depth knowledge of the consumers will be an asset to the Consumer Credit Trade Association. More than ever, there is a need for an alternative lending sector, and we need a strong voice to make that case.”
Paul Smith, Chief Executive Officer of Morses Club, said:
“I am proud to be able to lend my experience to the CCTA, protecting and promoting the interests of the alternative lending sector. The market has undergone significant change of late, namely as a result of regulatory changes and the Covid-19 pandemic. In my new position, I look forward to helping inform decision making with regulators and the Government to ensure that millions of consumers who rely on this vital source of funding continue to have responsible access to credit.”
