The business is now a member of various key committees at the Association of Consumer Vehicle Lessors (ACVL), the trade association of major retail automobile lessors, whose mission is to promote retail automobile leasing; eliminate unfair and deceptive trade practices; increase the effectiveness of members as competitors; and enhance the public understanding of and satisfaction with automobile leasing.

It has also gained three-star Premier Partner status with the American Financial Services Association (AFSA), the national trade association for market-funded providers of financial services to consumers and small businesses, which promotes safe, ethical lending to responsible, informed borrowers and improves and protects consumers’ access to credit.

CHP is now also an Associate Member of the Consumer Bankers Association (CBA), a US trade organisation representing financial institutions that offers retail lending products and services, including automotive financing. Like other bank trade associations, the CBA is involved in staying on top of and communicating issues within the industry through its 10 committees, which include an Auto Finance committee.

Robert Johnson, CHP Consulting’s global automotive finance director, said: “As our vehicle finance business grows in the US, it is important we support the trade associations that protect and promote our industry. Listening to the needs, wants and concerns of members of these associations will allow us to continually update our platform, ALFA Systems, with relevant features and functions.”

CHP is also a long-standing member of ELFA, which represents financial services companies and manufacturers in the US equipment finance sector; the ELFA Foundation, which conducts and commissions research about the future of the equipment lease financing industry; and the Canadian Finance & Leasing Association, which represents the asset-based financing, equipment and vehicle leasing industry in Canada.