Consumer credit database for an efficient supervision and a reinforced consumer protection

Financial Inclusion Europe Policy Brief

Autor: Alessandro Molinari

April 2022

Extract of the Introduction

In the context of the upcoming revision of the Consumer Credit Directive, Financial Inclusion Europe is proposing the introduction of a specific article, aimed at improving
the quality of the monitoring of the EU consumer credit market. The goal of this proposal is to provide essential information for regulators to ensure proper impact
assessment of EU regulation in the area of consumer credit.
The proposed article:
“The European Banking Authority shall design and collect indicators to measure the quality of consumer credits market and carry out precise Non-PerformingLoans monitoring, including information on default rate by type of credit, by lender and by sales channel. “