Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-305-125"
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"en.20121120.28.2-305-125"2
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It is essential to extend consumer protection at both national and EU level. Efficient consumer protection practices in the credit sector are some of the most important conditions in ensuring financial stability. I believe that special attention should be paid to short-term credit provided through various communication media. First of all, excessive risk should be prevented altogether. It is also essential to provide consumers with comprehensive and easily understandable information on the risks involved in borrowing. Furthermore, by using legal acts, it should be ensured that when a consumer decides to withdraw from a contract, no additional charges are incurred. It should be noted that the objectives set out in the Directive cannot be fully achieved unless they are suitably transferred to and implemented in the Member States."@en1
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