Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-306-000"
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"en.20121120.28.2-306-000"2
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"In favour. The Consumer Credit Directive was adopted in 2008 with the purpose of enhancing convergence between the national provisions regarding consumer credit (see also here attached our briefing note from the adoption of the directive in 2008). This is of course a very important legislation in particular in view of the fact that credit problems were central in the current economic crisis (even though they concerned more mortgage credits, which are not covered by the consumer credit directive). The main provisions of the directive concern pre-contractual and contractual information to consumers, a harmonised period for the right of withdrawal (14 days), protection in case of early repayments and an obligation to assess consumers' creditworthiness. The directive applies to consumer credits (not mortgage) between EUR 200 and EUR 100 000. Greens/EFA share the Rapporteur’s main messages. We had tabled an amendment in IMCO to highlight the risks of credits made in foreign currencies, in case of fluctuations in the value of these currencies. This amendment was adopted in the IMCO Committee. Therefore we voted in favour of the Report."@en1
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