1. Evaluation of the Consumer Credit Directive (2008/48/EC)
ECCG meeting
23 October 2018
Francesco Pontiroli Gobbi
Unit JUST.E1 - Consumer Policy

2. General Context - 2014 Evaluation - Legal Obligation
- Evolution of the market / digitalisation
- Full-fledged Evaluation (broad scope)
- Consumer Finance Action Plan (Action 7 and Action 9)

3. Five Criteria Effectiveness: Efficiency: Relevance: Coherence:
to what extent were the set objectives attained?
were the effects (benefits) achieved at a reasonable cost?
do the objectives correspond to the current needs?
interventions do not contradict others with similar objectives
additional value resulting from EU activities, compared to what could be achieved by MS at national and/or regional levels
Effectiveness:
Efficiency:
Relevance:
Coherence:
EU added value:

4. Evaluation Process Screening/ planning Draft roadmap Steering Group
Stakeholder Consultation
Draft roadmap
Steering
Group
Final roadmap (public)
Evaluation work
Other sources of information
ToR for external
work
Internal work
Draft SWD (before & after RSB)
ISC on SWD/EC report
External deliverables incl. contractors final report
Opinion
Final SWD/EC Report
QA on (draft) final evaluation report
RSB
Dissemination & Follow-up 4

5. Scope of the Evaluation
Full-fledged
Some areas mentioned in the Roadmap (design and distribution phases, cross-selling, creditworthiness assessment, credit registers, rights granted by the Directive)
Other important issues (cross-border selling, scope, explanations, APR, most important features of a credit, most recurrent complaints, where consumers look for a credit, coherence, policy objectives)

6. Study informing the Evaluation
Duration: 10 months - To be outsourced very soon
Tasks:
legal analysis (EU28 on transposition, regulatory choices and other relevant legislation)
literature review
stakeholder interviews (165, EU and national level)
consumer survey (min. 30 per MS, aim at 3300 in total)
online survey of creditors (twofold scope, min. 350)
definition of baseline scenario
quantification analysis
Mystery shopping (3 x 7 MS) on provision of pre-contractual information and creditworthiness assessment
Reports:
Inception (November), Interim (April) and Final (July/August)

7. Stakeholder consultation and Timing
Roadmap Feedback - 4 weeks (now closed)
Public Consultation - min. 12 weeks (December TBC)
Targeted Consultation (twofold scope) – (December-March TBC)
TBC Stakeholder Event on CCD in Spring 2019
Staff Working Document (summary of all consultation activities annexed to the Report)
Finalisation date:
End 2019 (then possible follow-up actions)

8. Your comments and questions?