Commission published summary of responses to the public consultation on responsible lending and borrowing
30 November 2009
The results of the public consultation will help the European Commission to assess the need for and scope of any policy action to ensure responsible lending and borrowing, as was mentioned in the Commission Communication Driving European Recovery of 4 March 2009.
The objective of this public consultation was to collect information from all stakeholders in order to strengthen and deepen the Commission services’ understanding of the remaining issued surrounding responsible lending and borrowing. The focus of the public consultation was on advertising, marketing and information practices prior to the lending transaction, and business practices in the context of lending transactions related to creditworthiness, and suitability assessments and advice. The Commission also requested stakeholders’ views on how best to encourage responsible borrowing next to financial education initiatives. Finally, input was requested on the definition, role and regulatory framework of credit intermediaries.
© European Commission
