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Europe Daily Bulletin No. 9762

16 October 2008
Contents Publication in full By article 16 / 32
GENERAL NEWS / (eu) eu/financial services
Commission wants to ensure identical charges for domestic and international direct debits

Brussels, 15/10/2008 (Agence Europe) - On Wednesday 15 October 2008, the European Commission unveiled a draft regulation to amend the EU cross-border payment rules. It is suggesting that cross-border direct debit payments should cost the same as domestic direct debits. Cross border direct debits will be possible from November 2009 onwards. The draft legislation repealing EU Regulation 2560/2001(EC) brings the cross-border payment rules into line with EU Directive 2007/64/EC on payment...

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