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Feed/COD1996/0055(COD)Finance & Budget

Amendment: Consumer Credit Directives 87/102 and 90/88

COMCMT1R-EP1R-C2R-EPCNCADO
Updated 345mo ago
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This procedure aims to modernize the rules governing consumer credit agreements across the EU. By updating existing directives, the goal is to ensure a higher level of protection for consumers and create a more consistent legal framework for credit services across member states.

This affects consumers taking out loans and the financial institutions providing credit. It introduces clearer standards for credit agreements and improves transparency regarding costs and terms.