An Economic Analysis of the EU Commission's Proposal for a New Consumer Credit Directive

Intereconomics, March/April 2004

14 Pages Posted: 27 Feb 2007

See all articles by Wim Kösters

Wim Kösters

University of Bochum

Stephan Paul

Ruhr University of Bochum - Faculty of Economics

Stefan Stein

University of Bochum - Department of Finance and Banking

Abstract

The debate on ratification or revision of the proposed new Consumer Credit Directive continues. The European Parliament neither rejected nor approved the Commission's proposal at the plenary session on November 5, 2003. While the Commission insists on defending the merits of the proposal, the LAC Rapporteur Würmeling calls for a complete modification. This article is intended to serve as a navigation guide past the holes and obstacles on the winding ratification path.

Keywords: consumer protection, financial regulation, consumer credit directive, consumer loans, responsible lending

JEL Classification: D18, D6, G21, G28

Suggested Citation

Kösters, Wim and Paul, Stephan and Stein, Stefan, An Economic Analysis of the EU Commission's Proposal for a New Consumer Credit Directive. Intereconomics, March/April 2004, Available at SSRN: https://ssrn.com/abstract=958212

Wim Kösters

University of Bochum ( email )

Universitätsstraße 150
Bochum, NRW 44780
Germany

Stephan Paul

Ruhr University of Bochum - Faculty of Economics ( email )

Ruhr University of Bochum
Faculty of Economics
Bochum, DE 44780
Germany

Stefan Stein (Contact Author)

University of Bochum - Department of Finance and Banking ( email )

Bochum, DE 44780
Germany

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