14.5.2014: EC publishes report on consumer credit agreements The document evaluates the transposition of the Consumer Credit directive (CCD) and its regulatory impact. The aim is to increase consumer protection.

http://ec.europa.eu/consumers/rights/docs/ccd_implementation_report_en.pdf

ECRC comment will be forthcoming.

Here are the underlying studies that are the basis of the SANCO document

• The first is the “Study on the functioning of the consumer credit market in Europe” by London Economics and IPSOS: http://ec.europa.eu/consumers/rights/docs/consumer_credit_market_study_en.pdf
• The second is the “Study on the Impact of the Legal Choices of the Member States and other Aspects of Implementing the Directive 2008/48/EC on the Functioning of the Consumer Credit Marketing the European Union” conducted by the consortium led by Risk & Policy Analysts (RPA) with Milieu and EPRD:
  http://ec.europa.eu/consumers/rights/docs/study_on_impact_of_the_legal_choices_en.pdf,  Here the Executive summary.
   

SANCO website link where to find these documents: http://ec.europa.eu/consumers/rights/fin_serv_en.htm

• IA 2014 SANCO Study on the impact of the CCD legal choices (RPA, English)
  (2702910 Bytes)
• SANCO 2013 Consumer Credit Market Study (London Economics, English)
  (6891008 Bytes)