Activities of Franz OBERMAYR related to 2012/2037(INI)
Plenary speeches (1)
Implementation of the Consumer Credit Directive (short presentation)
Amendments (3)
Amendment 12 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Welcomes the ‘sweep’ operation carried out by the Commission in September 2011, which revealed that 70 % of the financial institution websites checked failed to include relevant information in their advertising material and certain items of key information in the credit offer itself and contained misleading presentations of costs, and calls on the Commission and the Member States to take appropriate steps to remedy this problem; notes in this context in particular that banks still advertise so- called ‘teaser rates’, which are not then actually accorded to consumers; regrets that the Directive has not been implemented as intended in this field and therefore identifies an urgent need to improve the practical application of the provisions on representative interest rates in advertising material;
Amendment 14 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Notes that more comprehensive provisions do not always make forlead to more effective consumer protection and that, in the case of inexperienced consumers in particular, too much complex and unstructured information can serve to confuse rather than help;
Amendment 19 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Takes the view that particular attention should be paid to the complicated rules on early repayment and that the Directive has clearly not yet resulted in lower costs in the case of early termination or unscheduled repayments; calls therefore for an analysis of the reasons why costs have not fallen since the entry into force of the Directive and for corresponding proposals to improve implementation;