Thursday, 15 November 2007

Dood Calls on MEP's to protect UK consumers

No Downgrading of Consumer Protection in the EU – Consumer and Social Organisations protest the Latest Move of the Parliament on the Consumer Credit Directive

The European Coalition for Responsible Credit (ECRC) and Debt on our Doorstep (DooD) today issued calls for MEP’s to stand up for UK consumers and to resist the latest proposals to water down protections contained in the EU Consumer Credit Directive.

The move comes in response to a new draft of the Directive being introduced into the European Parliament by the Rapporteur, Mr. Kurt Lechner of the Internal Market and Consumer Affairs Committee.

Commenting on the new proposal Professor Udo Refiner, Chair of the ECRC said:

“Consumer organisations from fifteen European states have been shocked in recent days to find that a significant weakening of consumer rights is being suggested in the European Parliament. There has been no consultation with national parliaments or with consumer representatives, on this new draft of the Directive, which appears to have been drafted with the assistance of the credit industry.”

Damon Gibbons, Chair of Dood called on UK MEP’s to take action in the Parliament to protect UK consumers.

“We are calling for MEP’s to intervene and reject the new draft. There has been no debate in the UK on these issues, yet consumers here stand to lose valuable protections. This all comes at a time when there is an obvious need for greater responsibility in lending. The last thing we need from Europe is a green light for lenders to con UK borrowers.”

Full text of the media release and details of the proposed amendments can be downloaded here

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