Brussels targets online credit card fees

The European Parliament adopted on the 23 June 2011 – the Consumer Rights Directive, which the European Commission proposed in October 2008 (IP/08/1474). The vote followed a deal reached between the three EU institutions (European Commission, European Parliament and the Council of Ministers), and clears the final hurdle before the new rules can become reality for consumers.

The new Directive will need to be transposed into the national laws of EU Member States before the end of 2013.

European Commission: MEMO/11/450: Consumer Rights: 10 ways the new EU Consumer Rights Directive will give people stronger rights when they shop online http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/11/450&format=PDF&aged=0&language=EN&guiLanguage=en

ESO: Background information: Brussels secures consumer rights breakthrough http://www.europeansources.info/record/brussels-secures-consumer-rights-breakthrough/

European Parliament: Press Release, 23.6.11: Consumer Rights: Parliament approves new EU-wide rules for on-line shopping http://www.europarl.europa.eu/en/pressroom/content/20110622IPR22326/html/Consumer-Rights-Parliament-approves-new-EU-wide-rules-for-on-line-shopping

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