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MEPs are to vote on the consumer credit law on Wednesday (Photo: European Parliament)

Controversial consumer credit bill goes to MEPs

A draft EU law designed to reduce differences between 27 different sets of national consumer credit rules is heading for a crucial test in the European Parliament, with MEPs giving the proposal a mixed reaction.

On Friday (11 January), EU capitals struck a deal with three of the parliament's major groups - the Socialists, the Liberals and the Greens.

But centre-right MEPs have refused to back the legislative changes as they believe the bill will increase red tape and costs, accor...

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MEPs are to vote on the consumer credit law on Wednesday (Photo: European Parliament)

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