Wednesday, 5 February 2014

Mortgage credit directive adopted by the Council

Towards the end of last year, we had announced that the European Parliament had approved the proposed Mortgage Credit Directive, leaving it up to the Council to have its final say. A few days ago, the Concil approved the Directive, which seeks to enhance both consumer information and sustainable lending practices.
Although the Directive has been approved with no discussion, three countries have abstained and other governments have asked to add some critical remarks to the meeting's minutes.

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