Although the European Commission endorses many of the 153 amendments by the European Parliament, the draft, which is due to be adopted in the next few weeks, now includes a new liberal provision that may fuel a heated debate in the European Parliament: it explicitly prohibits member states from restricting the activities of creditors established in other member states.
The directive, which is under negotiation among commissioners, promotes cross-border consumer credit and adopts a more moderate position towards the creditor.
