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Consumer Credit

Volume 934: debated on Wednesday 29 June 1977

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asked the Secretary of State for Prices and Consumer Protection what effects he estimates will result from the proposed EEC Directive on Consumer Credit and what is the general justification for it.

A preliminary draft of a Commission proposal for a directive on consumer credit is under consideration by experts of the Nine. Such a directive would be intended to effect a degree of harmonisation of consumer credit laws in the Community. An aspect of particular importance to us is, of course, how far any proposals would impinge upon the arrangements under our own Consumer Credit Act.