Netherlands: Consumer Credit

Vorige week publiceerde minister van Financiën, Hoekstra, de door de AFM en DNB ingezonden wensen voor de wet- en regelgeving kalender 2020 alsmede zijn initiële reactie daarop.

For the past few years, the provision of credit (especially consumer credit) has been the subject of a great deal of attention, among other things due to the increasing number of people in the Netherlands with a heavy debt burden, as well as the stagnant property market. In this newsletter we will discuss recent legal developments in this area.

The Decree to amend the Decree on the Supervision of Market Conduct FMSA as a result of the implementation of the Consumer Credit Directive (2008/48/EC) ("Decree") was published in the Bulletin of Acts and Decrees on 1 June 2011.