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Consumer Credit Directive

Briefing 05-10-2021

Consumer credit is a type of loan allowing consumers to purchase consumer goods and services for which they do not have the funds. It is regulated at national and EU level. The Consumer Credit Directive (CCD), in force since 2008, is the relevant EU-level legislation. The CCD has undergone several revisions over the past decade, yet growing digitalisation, insufficient harmonisation and issues affecting consumer protection, among other things, have prompted the Commission to publish a proposal for ...

Consumer Credit

Briefing 04-10-2021

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 ...

Directive 2008/48/EC on credit agreement for consumers (the CCD) is part of the legal framework tackling consumer protection and the development of the internal market. Despite improvements in enforcing consumer protection policy, there are shortcomings in particular regarding the scope of application of the directive and the uneven regulatory choices made in the 27 EU Member States for implementing it. Moreover, there are new challenges – such as digitalisation and data collection, use and processing ...

This briefing gives a short introduction into the topic non-performing loans (NPLs), takes stock of the current situation in the euro area, touches on the impact of NPLs on credit supply, and summarises the activities taken at European level to address the problem.

This note, prepared by Policy Department A for the Committee on Economic and Monetary Affairs, gives an overview of five studies on Mis-selling of financial products which were published in June 2018.

This paper is part of a series of five studies on mis-selling of financial products in the EU. Retail financial markets across the EU have been upset by large-scale mis-selling of financial products to consumers. As part of a series of five studies on this topic, this paper examines the problem of mis-selling with a particular focus on consumer credit. It identifies the most problematic products and practices in consumer credit markets that may cause consumer detriment and shows some important limitations ...

This briefing presents the state of play of non-performing loans (NPL) in the euro area, and provides an overview of the various measures implemented across Member States to facilitate their resolution. It also touches upon on-going initiatives at EU level and the debate in the public domain on the suitability of an EU-wide bad bank.

Cost of Non-Europe Reports identify the possibilities for economic or other gains and/or the realisation of a ‘public good’ through common action at EU level in specific policy areas and sectors. This Cost of Non-Europe Report seeks to analyse the costs for citizens, businesses and relevant stake-holders of remaining gaps and barriers in the European Single Market, building on and updating the 1988 Cecchini Report, which quantified its potential benefits.

This particular study - the fifth in a ...

L'étude examine l'état de mise en oeuvre de la directive 2008/48/CE relative aux contrats de crédit aux consommateurs sur la base des cas de quatorze États membres de l'Union européenne, ainsi que les principales difficultés rencontrées au cours de ce processus. L'analyse se concentre sur les aspects pleinement harmonisés de la directive ainsi que sur les dispositions pour lesquelles les États membres ont bénéficié d'une large marge d'appréciation pour réaliser l'objectif de la directive et utiliser ...

Stress tests on EU banks

En bref 05-05-2011

After a 2010 round of EU-wide stress testing failed to reveal problems in the Irish banking sector, a new round is being prepared in 2011, coordinated by the new European Banking Authority.