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News: Bulgaria>> European Commission against hidden or incomprehensible bank fees

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European Commission against hidden or incomprehensible bank fees

Finances: Friday, 2008-09-12 05:06
Article by: Focus Agency

The European Commissioner for Consumer Protection Meglena Kuneva stressed on the need for improvement of the financial services for retail customers in the EU, at a conference in Nice yesterday. She pointed a few problems for the customers - their lack of financial education, the insufficient and confusing pre-contract information, and the general lack of transparency in the sector. The new directive for the consumer loan will require the banks to have standardized information forms.

The results of the fight of the European Commission against hidden or incomprehensible bank fees will be seen in 2009. Kuneva said that the consumers must know in advance what exactly they are signing, and that she is determined to reach visible improvements, which would be felt by every consumer in the EU. Trud Daily reports.

Scope: Bulgaria
More: Finances news consumer loan; Finances news bank loan;

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