CONSUMERS’ LENDING IN THE EUROPEAN UNION

Marijana Dukić Mijatović; Sanja Gongeta

Authors

Marijana Dukić Mijatović Faculty of Law for Commerce and Judiciary, University of Business Academy in Novi Sad
Sanja Gongeta Lecturer at Lavoslav Ružička University in Vukovar, Vukovar, Croatia

Abstract

Modalities of consumers’ protection at consumers’ lending in the European Union Member States are provided with a special directive of the European Parliament and the Council (the Directive 2008/48/EZ on contracts of consumer credit). Although this area has been regulated in the European Union by the directives since 1987 (the Directive 87/102/EEC), because of an economic crisis, it was increasingly coming to the fore that a consumer, as a weaker agreement party, was not protected enough. The Directive 2008/48/EC on contracts of consumer credit is based on the principle of a maximal harmonization and it regulates a minimal legislative framework for each of the member states.

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