The aim of this article is twofold against this background.
Next, it tries to evaluate as to the extent the 2008 credit Directive is fit because of its function as far as the consumer protection against irresponsible lending practices is concerned today. The analysis commences with a research regarding the basic concept of вЂњresponsible lendingвЂќ when you look at the context of customer creditвЂ”that is, unsecured credit given to individual, home, or domestic purposes. Building upon the contours associated with notion of accountable financing which have emerged using this quest, along with the outcomes of the empirical study carried out by the writers, the content later identifies probably the most imminent reckless financing techniques within the credit rating areas throughout the EU and tentatively analyses their key motorists. Continue reading “First, it seeks to discover the problematic components of credit rating supply when you look at the post-crisis lending environment across the EU”