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