On the 2nd of December 2022, the Commission, Council, and European Parliament agreed on the final text of the Consumer Credit Directive revision. Consumers will benefit from several improvements, but there is still room for future improvements and COFACE-Families Europe will continue to follow future developments.
Establishing a safe and fair European consumer credit market needs to be at the heart of the ongoing review of the EU Consumer Credit Directive (CCD), the EU directive designed to provide consumer protection for this market.
In April, Financial Inclusion Europe is organising multiple national webinar events which will discuss the proposals on the Consumer Credit Directive. Key stakeholders from France, Italy, and Germany will exchange on the CCD proposal and its capacity to improve the national consumer credit market to make it safer, fairer, and inclusive.