UK credit industry raises concern over proposed Consumer Credit Directive

February 2007
Credit Control;2007, Vol. 28 Issue 2, p64
Trade Publication
The article focuses on the independent analysis of Oxera company concerning the European Union Consumer Credit Directive proposed by Brussels, Belgium. The study revealed that the credit law proposal would mean consumers are likely to find it difficult and less convenient to have credits approved. It also suggested that the proposal would have a damaging effect on the British economy, reducing consumer spending by £1.4 billion and gross domestic product by £850 million.


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