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Activities of Philippe DE BACKER related to 2012/2037(INI)

Shadow opinions (1)

OPINION on the implementation of the Consumer Credit Directive 2008/48/EC
2016/11/22
Committee: ECON
Dossiers: 2012/2037(INI)
Documents: PDF(104 KB) DOC(85 KB)

Amendments (10)

Amendment 2 #
Draft opinion
Paragraph 1
1. Calls for financial institutions to be required to provide consumers with adequatepersonalised and transparent information regarding the risks involved in foreign currency lending and the impact on instalments of a severe depreciation of the legal tender of the Member State in which a consumer is domiciled and of an increase of the foreign interest rate; considers that this information should be included in any advertising concerning consumer credit agreements in foreign currency, in pre- contractual information, and in consumer credit agreements;
2012/04/25
Committee: ECON
Amendment 5 #
Draft opinion
Paragraph 1 a (new)
1a. Calls for financial institutions to be required, in good time before the consumer is bound by any credit agreement or offer, to provide consumers personalised information needed to compare the credits available on the market, assess their implications and take an informed decision on whether to conclude a credit agreement;
2012/04/25
Committee: ECON
Amendment 8 #
Draft opinion
Paragraph 1 b (new)
1b. Calls for financial institutions to be required to provide consumers a warning when, considering the consumer's financial situation, a credit agreement may induce a specific risk for the consumer;
2012/04/25
Committee: ECON
Amendment 10 #
Draft opinion
Paragraph 1 c (new)
1c. Calls for financial institutions to be required to ensure that where a credit agreement relates to a foreign currency loan, the consumer shall have the right to convert the loan into an alternative currency, in accordance with a transparent method disclosed to the consumer in pre-contractual information;
2012/04/25
Committee: ECON
Amendment 11 #
Draft opinion
Paragraph 1 d (new)
1d. Calls for financial institutions to be required to ensure that for credit agreements in a foreign currency, a trigger credit amount payable or a maximum amount payable is included in the credit agreement; when the trigger credit amount payable or a maximum amount has been reached, the creditor shall warn the consumer of the high rise of the credit amount payable; in this case the consumer shall have the right to convert the loan into an alternative currency; additionally the creditor shall allow the consumer to renegotiate his credit agreement, taking into account the provisions of early repayment;
2012/04/25
Committee: ECON
Amendment 12 #
Draft opinion
Paragraph 1 e (new)
1e. Calls for financial institutions to be required to provide the consumer, in good time before the consumer is bound by any credit agreement or offer, a best and worst case scenario based on caps or in the case when the total credit amount in the national currency is not limited by any caps based on data of the currency fluctuations during last 20 years;
2012/04/25
Committee: ECON
Amendment 13 #
Draft opinion
Paragraph 2
2. Calls for financial institutions to allow foreign currency loans to be granted only to consumers that demonstrate their creditworthiness, taking into account the repayment structure of the loan and the consumers' capacity to withstand adverse shocks in exchange rates and in the foreign interest rate;deleted
2012/04/25
Committee: ECON
Amendment 17 #
Draft opinion
Paragraph 3
3. Calls for only loans with a term of up to five years to be deemed consumer credit and for financial institutions not to provide consumer credit with terms longer than five years;deleted
2012/04/25
Committee: ECON
Amendment 21 #
Draft opinion
Paragraph 4
4. Calls on financial institutions not to provide consumer credit which is secured by the consumer's house where the consumer's only source of income is a single wage or salary;deleted
2012/04/25
Committee: ECON
Amendment 28 #
Draft opinion
Paragraph 5 a (new)
5a. Calls for financial institutions to be strictly monitored on advertisement and marketing practices in order to avoid misleading or false information when advertising or marketing credit agreements;
2012/04/25
Committee: ECON