Press Release: Positive outcome for Black Friday 2024
29 November 2024
Feedback reported to the Malta Chamber of SMEs on Black Friday results indicates mixed outcomes....
The European Consumer Credit Directive (CCD)
13 July 2013
Did you
know that you have consumer credit rights when applying for a loan? The European
Consumer Credit Directive (CCD) adopted by the EU and transposed into our
national legislation as of the 18th of January 2013 ensures a high level of
consumer protection and empowers consumers to make informed choices when taking
out credit.
The European Commission launched an information campaign on the
subject within a number of Member States, amongst which Malta. The campaign in
Malta was officially launched in May. Amongst
others the Directive introduces the obligation for clear and easily
understandable credit terms. This in order for consumers to understand the
terms they are being offered and be able to compare them. Enterprises providing
credit facilities should check out the new rules.
subject within a number of Member States, amongst which Malta. The campaign in
Malta was officially launched in May. Amongst
others the Directive introduces the obligation for clear and easily
understandable credit terms. This in order for consumers to understand the
terms they are being offered and be able to compare them. Enterprises providing
credit facilities should check out the new rules.
