6 July 2018
On 2 June 2018, the European Commission published the Evaluation Roadmap of the Consumer Credit Directive (CCD) which will start in Q3-2018 and it is expected to conclude in Q4-2019.
Purpose and scope
The evaluation will assess if the rules of the CCD are still fit for purpose in the light of market developments. It will assess the:
The evaluation will gather evidence regarding the functioning of the CCD in its totality and in particular, regarding the following aspects:
The deadline for feedback on the evaluation roadmap is 27 July 2018.
The Commission will make available by the end of 2018 a public consultation questionnaire for a minimum period of 12 weeks.
In parallel, a targeted consultation will also be conducted. The main stakeholders to be consulted will include national authorities (including consumer protection bodies), credit providers, industry associations and consumer organisations.
A synopsis report of the consultation will be published on the Commission’s website, tentatively by Spring 2019.
To read the full publication, click here.