European Parliament negotiators, led by Kateřina Konečná (The Left, Czech), the EU Council Presidency and the European Commission made little progress, on Wednesday 26 October, on the proposed directive on consumer credit agreements in the digital age (see EUROPE 13040/34).
Several hours of interinstitutional negotiations (trilogue) which ended on Wednesday evening only allowed a few advances on this June 2021 proposal which aims to replace the obsolete directive 2008/48/EC to better protect consumers against over-indebtedness and to create a single market for online credit through harmonised conditions for credit companies (see EUROPE 12752/3).
This second ‘trilogue’ simply allowed the three parties to discuss the scope and definitions and to leave it to the technical teams to make progress on some of these elements.
None of the most sensitive issues - the exclusion of deferred debit cards and crowdfunding services from the scope of application, as requested by the EU Council, nor the assessment of creditworthiness - have been addressed.
There is still work to be done between now and the third trilogue on 1 December, which everyone hopes will be conclusive. (Original version in French by Aminata Niang)