This might lead to unjustified variations in the known standard of consumer security across various sections associated with the credit rating markets.

This might lead to unjustified variations in the known standard of consumer security across various sections associated with the credit rating markets.

As the European Commission is designed to attain a much deeper and safer solitary marketplace for credit rating (European Commission 2017a, para. 2.6), at the moment, there is absolutely no coherent policy that is EU when it comes to handling customer overindebtedness. Footnote 93 particularly, the Mortgage Credit Directive adopted post-crisis has departed through the access to credit-oriented approach of this credit rating Directive and introduced more protective guidelines made to avoid customer overindebtedness. Continue reading “This might lead to unjustified variations in the known standard of consumer security across various sections associated with the credit rating markets.”