Subject files - The Consumer Credit Directive and its implementation report - Committee on the Internal Market and Consumer Protection

The implementation of the 2008 Credit Consumer Directive -which had to be transposed by 11 June 2010 - was the subject of a follow-up report by IMCO as an opinion-giving Committee (under Rule 50, enhanced cooperation) with ECON being the lead Committee. The Directive aims to harmonise certain aspects of Member States' legislation on credit loans agreements of a value from €200 to €75,000. The resolution adopted by Plenary in November 2012 identified the shortcomings in the implementation of the Credit Consumer Directive, noted the insufficient increase in the cross-border take-up of consumer credit, and invited the Commission to further assess the application of the Directive before initiating any future review.

 

Rapporteur: Birgit Collin-Langen (EPP)