Irresponsible Lending into the Post-Crisis age: could be the EU Consumer Credit Directive Fit because of its function?

Irresponsible Lending into the Post-Crisis age: could be the EU Consumer Credit Directive Fit because of its function?

Abstract

A lot more than ten years following the outbreak of this international crisis that is financial customers throughout the EU have already been increasing their standard of debt when it comes to both amount and value of credit rating services and products. On the list of known reasons for this trend would be the low interest environment, the novel business methods of lenders directed at finding brand new income sources, such as for instance charges and costs on loans, while the revolutionary company models rising in an ever more electronic market, such as for instance peer-to-peer financing. Continuer la lecture de « Irresponsible Lending into the Post-Crisis age: could be the EU Consumer Credit Directive Fit because of its function? »