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
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
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