Commission pushes for ‘responsible lending’ by banks

In its Communication to the Spring European Council Driving European Recovery of 4 March 2009 (COM(2009)114) the European Commission undertook to come forward with measures at EU level on responsible lending and borrowing, including a reliable framework on credit intermediation, in the context of delivering responsible and reliable markets for the future and restoring consumer confidence.

Building on previous consultations and policy development in the area of retail financial services, and especially mortgage credit, this consultation seeks to strengthen and deepen the Commission services’ understanding of the remaining issues surrounding responsible lending and borrowing, and to inform our analysis of the varying policy options in this area. The objective of this consultation is to collect stakeholders' reactions to the issues raised in the consultation document.

• Primary Source

EurActiv, 16.6.09: Commission pushes for 'responsible lending' by banks http://www.euractiv.com/en/financial-services/commission-pushes-responsible-lending-banks/article-183199

European Commission: DG Internal Market and Services: Consultations: Consultation on Responsible Lending and Borrowing in the EU, 2009 http://ec.europa.eu/internal_market/consultations/2009/responsible_lending_en.htm

European Commission: DG Internal Market and Services: Retail financial services: Credit: Credit histories http://ec.europa.eu/internal_market/finservices-retail/credit/history_en.htm

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