Publication European Parliament Study 'Mis-selling of Financial Products: Consumer Credit'

The European Parliament's Committee on Economic and Monetary Affairs has published the study entitled 'Mis-selling of Financial Products: Consumer Credit' (www.europarl.europa.eu/RegData/etudes/STUD/2018/618997/IPOL_STU(2018)618997_EN.pdf) conducted by the GCEFSL researchers Olha Cherednychenko and Jesse Meindertsma. The study has identified the most problematic products and practices in consumer credit markets that may cause consumer detriment. It has also revealed some important limitations of the current EU regulatory framework for consumer credit in providing adequate consumer protection.