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Europe Daily Bulletin No. 10348

31 March 2011
GENERAL NEWS / (eu) eu/mortgages
Boosting consumer protection

Brussels, 30/03/2011 (Agence Europe) - On Thursday 31 March the European Commission will unveil draft legislation to increase consumer protection on the mortgage market. European industry believes that the creation of an EU market for retail financial products like mortgages should be achieved by making it easier to sell financial products in other countries rather than by increasing consumer rights.

Initially described as a directive on responsible lending, the new legislation on mortgages...

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