The Netherlands

Topic: Consumer credit

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Legislative proposal on Implementation Act Non-Performing Loans Directive

On 12 June 2023, the draft legislative proposal for the implementation of the Non-Performing Loans Directive (Directive (EU) 2021/2167, the NPL Directive) has been published for public consultation (the Legislative Proposal). The NPL Directive sets out a common EU framework and requirements for credit (loan) servicers and purchasers, including NPL investors. The Legislative Proposal introduces … Continue Reading

Commission welcomes political agreement on the proposed revised Consumer Credit Directive

On 2 December 2022, the European Commission announced that it welcomed the provisional political agreement reached between the European Parliament and the Council on the proposed revised Consumer Credit Directive. The European Parliament and the Council now need to formally adopt the political agreement.… Continue Reading

European Parliament draft report on the proposed Directive on consumer credits

On 12 July 2022, the European Parliament published compromise amendments on the draft report on the Proposal for a Directive of the European Parliament and of the Council on consumer credits. Overall, MEPs want better protection for consumers applying for loans online. The new EU rules aim at protecting consumers online from credit card debt, … Continue Reading

Roadmap – Consumer credit agreements and review of EU rules

On 23 June 2020, the European Commission published a roadmap concerning a review of the Consumer Credit Directive (CCD). Following a REFIT Platform opinion recommending an assessment of the relevance, effectiveness and efficiency of the standard information to be included in advertising concerning credit agreements, the Commission evaluated the CCD in 2018-2019. The full results … Continue Reading

Amendment Decree Financial Markets 2019 submitted to Dutch Parliament and Dutch Senate

On 7 June 2019, the Dutch Minister sent the Amendment Decree Financial Markets 2019 (Wijzigingsbesluit financiële markten 2019, the Amendment Decree) to the Dutch Parliament (Tweede Kamer) and the Dutch Senate (Eerste Kamer). Among other things, the Amendment Decree will amend the Decree on Conduct of Business Supervision of Financial Undertakings (Besluit Gedragstoezicht financiële ondernemingen … Continue Reading

Dutch Minister of Finance publishes results of investigation into credit warning

On 6 December 2016, the Dutch Minister of Finance (the Minister) informed the Dutch Parliament on the results of an investigation conducted by the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) into the mandatory credit warning (kredietwaarschuwing), which was introduced in April 2009 in order to, among other things, stimulate consumers … Continue Reading