Activities of Nikolaos CHOUNTIS related to 2012/2037(INI)
Shadow opinions (1)
OPINION on the implementation of the Consumer Credit Directive 2008/48/EC
Amendments (6)
Amendment 7 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1α. Calls for it to be taken into account that the decision to take a loan is very important for citizens and that the complex nature of loan products and the conflicting interests of participants in the market mean that it is very difficult for consumers to be able to assess these products accurately;
Amendment 9 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1b. Calls on Member States to ensure that the provision of financial advisory services is a separate and independent service; proposes that the competent state authorities create an independent advisory body to supply free consultancy services to citizens, tailored to their interests and financial situation, thus preventing them from being deceived and becoming overindebted;
Amendment 19 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3α. Stresses that, in Member States facing fiscal problems and receiving economic support, citizens’ incomes are being badly affected by the impact of austerity measures, through wage and pension cuts and an increase in redundancies; notes that, in those Member States, the percentage of private loans that cannot be repaid is very high; calls, as a consequence, for a reduction in the loan repayment obligations of borrowers in line with the reductions in their pay and for the cancellation of debts where the individual’s or family’s income is below the poverty line;
Amendment 20 #
Draft opinion
Paragraph 3 b (new)
Paragraph 3 b (new)
3b. Stresses that excessive private borrowing is a result (i) of citizens’ need to deal with income shortfall and (ii) irresponsible lending practices, the sole aim of which is to increase bank profitability;
Amendment 24 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
Amendment 26 #
Draft opinion
Paragraph 5
Paragraph 5
5. Calls for consumers to have abe informed about the cost of additional services and also about their right to buy auxiliary services such as insurance from alternative suppliers;