Banks warn against EU consumer credit plan

In a report from the British Bankers Association Banks compiled by Oxera Consulting, the authors warned, May 2007, that a European Union proposal to harmonise consumer credit laws across the 27 member states will make it more difficult for citizens to obtain loans and will damage the region's financial services industry.

British Bankers' Association: Public Policy Issues: EU Regulation and Legislation http://www.bba.org.uk/bba/jsp/polopoly.jsp?d=120

British Bankers' Association: Press release, 1.5.07: UK credit industry raises concern over proposed Consumer credit directive http://www.bba.org.uk/bba/jsp/polopoly.jsp?d=145&a=8758

Oxera Consulting: What is the impact of the proposed Consumer Credit Directive?, April 2007 http://www.bba.org.uk/content/1/c4/87/59/Oxera_report_on_CCD_April_2007.pdf

European Parliament: Policy Department: Economic and Scientific Policy: Broad Economic Analysis of the Impact of the Proposed Dirctive on Consumer Credit, April 2007 http://www.kurt-lechner.de/images/download/CCD-FinalReport.pdf

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