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Published byRalph Hofmann Modified over 5 years ago
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Evaluation of the Consumer Credit Directive (2008/48/EC)
ECCG meeting 23 October 2018 Francesco Pontiroli Gobbi Unit JUST.E1 - Consumer Policy
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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)
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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:
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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
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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)
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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)
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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)
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