Format:
VIII, 327 S.
Edition:
1. publ.
Edition:
Online-Ausg. Online-Ressource Cambridge books online
ISBN:
9781107013025
,
9781139003469
Content:
Produced under the auspices of an EU-funded Marie Curie research programme, this volume analyses vulnerability in European private law and scrutinises consumer protection in credit and investments in the context of the recent turmoil in financial markets and EU harmonisation initiatives in the area. It explores key issues such as responsible lending, the disclosure of information, consumer confidence, the regulation of consumer investment services and the protection of bank depositors. The chapters emanate from the 'Consumer Protection in Europe: Theory and Practice' duo colloquium which explored consumer protection in Europe in its theoretical and practical dimensions. These topics are even more relevant today given the passage of the Consumer Rights Directive, the appointment of an Expert Group on a common frame of reference, the Green Paper on European Contract Law and the ongoing deliberations surrounding the Common European Sales Law.
Note:
Description based upon print version of record
,
Cover; CONSUMER CREDIT, DEBT AND INVESTMENT IN EUROPE; Title; Copyright; CONTENTS; FOREWORD; Introduction; 1: Vulnerability and access to low cost credit; 1 Introduction; 2 Credit crisis and lack of access to finance; 3 Defining `vulnerability´ within the framework of access to low cost credit; 3.1 Lenders and borrowers: vulnerability for all; 3.2 Theoretical perspectives; 4 Some policy choices to overcome vulnerability in access to low cost credit; 5 Concluding remarks; 2: Information disclosure in the EU Consumer Credit Directive: opportunities and limitations; 1 Introduction
,
2 Consumer credit regulation rationales3 The regulatory challenge of information disclosure duties; 4 The informational principles underlying the Directive; 5 A closer look at the information duties under the Directive; 5.1 Information in advertising; 5.2 The Standard European Consumer Credit Information; 5.3 Information to be included in the credit agreement; 5.4 Information: when and how?; 6 Opportunities and limitations of disclosure duties; 6.1 The diverse use of credit; 6.2 Reading and understanding; 6.3 Searching and comparing efforts; 6.4 Heuristics, biases, impulse and compulsion
,
6.5 Advertising, marketing, framing7 Is information disclosure sufficient or is a more interventionist approach warranted?; 8 Conclusion; 3: European regulation of consumer credit: enhancing consumer confidence and protection from a UK perspective?; Introduction; Background to UK consumer credit law and policy; The vulnerable credit consumer in the UK; The Consumer Credit Directive and the Consumer Rights Directive: good news for the UK credit consumer?; Conclusion; 4: The development of responsible lending in the UK consumer credit regime; A growing problem of overindebtedness?
,
Responsible lending moves up the political agendaResponsible lending and responsible borrowing; Public regulation as a means of promoting responsible lending decisions; `Irresponsible lending practices´ at the heart of the licensing regime; `Affordability´ and `creditworthiness´; Assessing affordability; Private law mechanisms for promoting responsible lending decisions; The courts' power to grant relief from `unfair relationships´; The cost of credit as a ground of `unfairness´; The advancing of unaffordable credit as a ground of unfairness
,
The jurisdiction of the Financial Ombudsman ServiceConclusions; 5: The French Consumer Credit Act (2010): a missed opportunity; Introduction; 1 Analysis of the Consumer Credit Act with respect to French social and economic data; 1.1 Access to credit; 1.1.1 Better informed creditors20; 1.1.2 Promotion of responsible practices for creditors; 1.2 Repayment of credit; 1.2.1 Content and performance of the credit agreement; 1.2.2 Enforcement of contractual obligations and overindebtedness; 2 The critical approach of the new Act; 2.1 Matching credit offers to consumer situations
,
2.2 The search for the right balance between borrowers and creditors
Additional Edition:
ISBN 9781139003469
Additional Edition:
ISBN 9781107013025
Additional Edition:
Erscheint auch als Druck-Ausgabe ISBN 9781107013025
Language:
English
Subjects:
Law
Keywords:
Europäische Union
;
Mitgliedsstaaten
;
Verbraucherkreditrecht
;
Gesetzgebung
;
Europäische Union
;
Mitgliedsstaaten
;
Verbraucherschutz
;
Gesetzgebung
;
Europäische Union
;
Kreditmarkt
;
Verbraucherschutz
;
Electronic books
;
Konferenzschrift
DOI:
10.1017/CBO9781139003469
URL:
Volltext
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