Consumer credits

This file concerns the rules on consumer credit. It follows the ordinary legislative procedure, where Parliament and the Council of the EU legislate together to produce binding EU law. The committees on Economic and Monetary Affairs and Internal Market and Consumer Protection handled it, covering banks and credit, consumers' economic interests and data protection. The amendments would prohibit selling credit to consumers without their prior request and explicit agreement, with variants for point-of-sale and doorstep selling. They frame the creditworthiness assessment around relevant, proportionate information in line with the GDPR data-minimisation principle, allow consumers to obtain an explanation and contest automated decisions, restrict discriminatory scoring such as geo-scoring, and set thresholds (for example EUR 200 or EUR 250 and three-month repayment) for possible derogations and database consultation.