EU Finance news in brief
![](https://ec.europa.eu/newsroom/repository/picture/2021-26/News_Nzy54AtSMi0yCMDkQomqstxUo_72514.jpg)
date: 29/06/2021
Non-performing loans
What? The European Commission welcomed the political agreement between the European Parliament and the Council on the proposal for a directive on credit servicers and credit purchasers.
When? 7 June 2021
Why? One of the main objectives of the directive, which was adopted in 2018, is to improve the access and transparency of secondary markets for non-performing loans (NPLs). The directive creates common reporting requirements for credit purchasers and an obligation to appoint a credit servicer for consumers and non-EU investors. The new rules should improve market transparency and consumer protection and help ensure that the Covid-19 crisis, and any potential rise in NPLs, will not affect financial stability in the EU.
Want to know more? Read about NPLs and see what’s in the rules