Consumer Credit

The Commission is proposing a new directive on consumer credits to replace the Consumer Credit Directive of 2008. This initial appraisal of the Commission’s impact assessment on the proposal finds that the impact assessment establishes a logical chain between the problems identified and the policy options considered, which are presented in a clear and balanced way. The options appear to be realistic and feasible, using the existing policy framework as a departure point and offering a range of interventions with scaling levels of intensity. The impact assessment makes use of a number of visual aids, which are especially valuable in providing the reader with a clear overview of the problems and their drivers, policy objectives and policy options, and help illustrate the complex links between them.