EU lenders face consumer-credit ban on personalized ads, price discrimination under lawmaker plans
By Jack Schickler ( February 4, 2022, 14:46 GMT | Insight) -- EU lenders would be forbidden from basing prices for consumer credit products on behavioral data or personalizing ads, under lawmaker proposals seen by MLex. Banks would see overdraft fees capped and debt collectors be forbidden from harassing borrowers, according to a wish list prepared by Kateřina Konečná, responsible for marshaling the European Parliament’s views on the proposed revision of the Consumer Credit Directive.EU lenders would be forbidden from basing prices for consumer credit products on behavioral data or personalizing ads, under lawmaker proposals seen by MLex. ...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.