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2024

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Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/224210

Responsible lending

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Abstract

The European Union incorporated the responsible lending programme into legislation in an attempt to tackle the high levels of indebtedness resulting from the expansion in access to credit and new credit products and lending practices. It did so first, and rather timidly, into Directive 2008/48/EC of 23 April 2008 on Consumer Credit,and then more forcefully into Directive 2014/17/EC of 28 February 2014 on Credit Agreements for Consumers Relating to Residential Immovable Property. The aim was to ensure that professional lenders took consumer needs and interests into account throughout the entire duration of the credit agreement, which entailed both the need to enable consumers to make maximum savings (e.g. via early repayment without penalty) and to prevent borrowers from succumbing to the temptation to commit themselves to risky loan agreements.

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Subject

Préstecs bancaris, Protecció del consumidor (Dret comunitari), Entitats financeres

Subject (English)

Bank loans, Consumer protection (Law of the European Union), Financial institutions

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Llibres / Capítols de llibre (Dret Privat)

Citation

ARROYO AMAYUELAS, Esther. Responsible lending. Capítol de llibre: Grundmann. Stefan; Sirena. Vol.  Pietro (eds), num. European Contract Law in a Changed Banking and Financial Architecture, pags. Intersentia. ISBN 9781780686622. [consulted: 6 of October of 2026]. Available at: https://hdl.handle.net/2445/224210

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