A sweep of websites across the EU that offer credit cards, loans and finance found that 70% were flouting the rules. Authorities across 29 member countries checked 562 websites, including some they were already worried about, and found that 393 failed the checks. The most common issue was the absence of an annual percentage rate (APR) that would allow consumers to compare the costs of credit. All websites checked in Spain, Cyprus and Slovakia failed the test. In the UK, 47 websites were checked and concerns were raised about 38 of them.

'Misleading'
The sweep was conducted in the light of complaints made by consumers about credit offers, excluding mortgages, and to check whether providers were keeping to rules set out in the Consumer Credit Directive. This law aimed to ensure that the same information, such as an APR, was provided to consumers across the EU. This should allow them to...Read more here--: BBC News - Websites offering loans flout EU credit rules