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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. ...

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