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Mortgage Credit Directive: European Commission seeks views on effectiveness ahead of full review

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Published on: 02 June 2020

Published by LNB News

LNB News 02/06/2020

Document Information

Issue Date: 02 June 2020

Published Date: 02 June 2020

Jurisdiction(s): United Kingdom

Article summary

The European Commission has appointed consultants led by Risk & Policy Analysts to evaluate Directive 2014/17/EU on credit agreements for consumers relating to residential immovable property (the Mortgage Credit Directive (MCD)). The Commission is seeking evidence on whether the current framework is still fit for purpose, identifying areas where an update of the MCD could be needed. The consultation is open until 12 June 2020.

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