The Council of the EU has published a press release announcing that it has adopted the proposed Mortgage Credit Directive (MCD). It was adopted by qualified majority at a meeting of the Economic and Financial Affairs Council (ECOFIN) without discussion although the Czech Republic, Luxembourg and Latvia abstained from the vote. The text adopted by the Council was that which was published on 17 January 2014.

View Council adopts directive on mortgage credits, 28 January 2014