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MSE News: New consumer credit rules to protect borrowers revealed
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Former_MSE_Natasha
Posts: 672 Forumite
This is the discussion thread for the following MSE News Story:
"Borrowers of unsecured lending will soon be protected by new policies laid down by the Government in Parliament today...."
"Borrowers of unsecured lending will soon be protected by new policies laid down by the Government in Parliament today...."
Read the full story:
New consumer credit rules to protect borrowers revealed
New consumer credit rules to protect borrowers revealed
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Comments
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This forms part of the Consumer Credit Directive due to be enforced by febuary 2011.
The main focus of this directive is to open up the european credit market by creating a single set of rules for both lenders and borrowers throughout europe.
This will allow for greater competition and inevitably benefit the consumer. This will also help to prevent people from negecting their debt commitments by moving to a diffrent country and therefore abandoning their commitment to pay. This will be achieved by effectively creating a european credit refrence agency.0 -
Don't believe any government spin that gives the impression that they are responsible for these new rules to protect consumers blah blah.....
This is a European Directive that is being implemented in every member state.0 -
And is any of this covered.....see below.
http://forums.moneysavingexpert.com/showthread.html?t=2038501Since when has the world of computer software design been about what people want? This is a simple question of evolution. The day is quickly coming when every knee will bow down to a silicon fist, and you will all beg your binary gods for mercy.0 -
And is any of this covered.....see below.
http://forums.moneysavingexpert.com/showthread.html?t=2038501
In a word. No.0 -
This discussion has been closed.
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