Lending changed by new directive
Borrowers are set to benefit from new lending standards which came into force with the introduction of the EU consumer credit directive.

The directive, introduced yesterday (1 February) heralds significant changes to the way lenders sell their products and the charges attached to them.

From now on lenders will have to provide more information on their products before a credit agreement is signed, and must use "representative" advertising to give customers examples of how their...Read more from Credit Today