The European Parliament‘s (EP) Internal Market and Consumer Protection Committee almost unanimously approved on Tuesday (July 12) the new EU rules that, according to lawmakers, “aim at protecting consumers online from credit card debt, overdrafts and loans that are unsuitable for their financial situation.” The...
The United Kingdom government has announced plans to reform the Consumer Credit Act, which regulates credit card purchases and personal loans. The proposed overhaul aims at cutting costs for businesses and simplifying rules for consumers. “The Consumer Credit Act has been in place for almost...
