Negotiating Line for the Consumer Rights Directive unfair charges ..... RESPONSE

[TUTTSI]

Re: Negotiating Line for the Consumer Rights Directive unfair charges ..... RESPONSE

LOL at Santander worrying about the floods of claims from CMC.... that is the last of their worries.

[EXC]

Re: Negotiating Line for the Consumer Rights Directive unfair charges ..... RESPONSE

The ''WaterBed'' effect (not as 1970's porny as it sounds) Was introduced in the call for evidence originally

Do you think the BIS are in on it too then?

I'm a bit surprised that they haven't published the consultation findings yet as ''The outcome of this Call for Evidence will help inform the UK’s negotiating position when discussions on the Directive continue in September''.

I did ask them when they expected it to be published a couple of weeks ago but didn't get a response. Perhaps I should of slipped the phrase 'waterbed effect' into my e-mail.

[Amethyst]

Re: Negotiating Line for the Consumer Rights Directive unfair charges ..... RESPONSE

LOL at Santander worrying about the floods of claims from CMC.... that is the last of their worries.

lol maybe they burst the waterbed.



It is much as expected, of course the banks don't want their charges assessed for fairness, they are unfair lol.

Be very interesting what bis come up with for the negotiating line. Discussions will be in the eu won't they, may be something on there? I dont know how published their meetings etc are.

[EXC]

Re: Negotiating Line for the Consumer Rights Directive unfair charges ..... RESPONSE

I've been keeping an eye here but it's not the greatest of sites to navigate EUROPA - Consumer Affairs - Rights - Proposal for a Directive on Consumer Rights

[Amethyst]

Re: Negotiating Line for the Consumer Rights Directive unfair charges ..... RESPONSE

First reading is scheduled for November 2010.

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[EXC]

Re: Negotiating Line for the Consumer Rights Directive unfair charges ..... RESPONSE

Nice one.

Diana Wallis MEP is a Lib Dem too Diana Wallis MEP

[Amethyst]

Re: Negotiating Line for the Consumer Rights Directive unfair charges ..... RESPONSE

Consumer Rights Directive





What's it about?: Cooling period for internet shopping; responsibility for damages during delivery (seller); time for delivery (30 days)
Rapporteur: Andreas Schwab (Germany, EPP)

Committee: Consumer Protection Committee: 30 September 2010

Plenary schedule: 22 November 2010




The Next 6 Months | UK Office of the European Parliament

[EXC]

Re: Negotiating Line for the Consumer Rights Directive unfair charges ..... RESPONSE

This is the committee (IMCO) that the BIS mentioned in the consultation document as being the one who'll host the negotiations http://www.europarl.europa.eu/commit...co_home_en.htm

[Amethyst]

Re: Negotiating Line for the Consumer Rights Directive unfair charges ..... RESPONSE

Cool. It is hard work finding info out, things only seem to be updated to 2007, guess they'll tell us in their own time lol.

[Amethyst]

Re: Negotiating Line for the Consumer Rights Directive unfair charges ..... RESPONSE

ah ha

Legislative Observatory: Procedure file, legislative dossier - European Parliament, COD/2008/0196

Forecasts procedure

10/12/2010 Council: debate or examination expected
10/12/2010 Council: debate or examination expected
14/02/2011 EP plenary sitting (indicative date)

[EXC]

Re: Negotiating Line for the Consumer Rights Directive unfair charges ..... RESPONSE

The IMCO 'work in progress' table doesn't appear to mention the CRD at all http://www.europarl.europa.eu/compar...process_en.pdf

The BIS consultation doc does at least say ''The deadline for tabling amendments in the IMCO Committee is presently set for 9 September, with a vote on the amendments expected in October.''

[EXC]

Re: Negotiating Line for the Consumer Rights Directive unfair charges ..... RESPONSE

Hi Nick

Sorry for the delay in getting back to you on this. My colleague is working on this at the moment, and hopes to provide a response during October. Sorry that I can't be more specific.

Regards,

David

David Evans| Policy Official| Consumer and Competition Policy Directorate| Department for Business, Innovation & Skills

[EXC]

Re: Negotiating Line for the Consumer Rights Directive unfair charges ..... RESPONSE

FT Deutschland reports that European Commissioner Michel Barnier has threatened banks that the EU may introduce new regulations to lower bank charges applied to bank accounts. In a letter to the European Banking Association, Barnier wrote: "fees structures are so opaque that consumers don't know what they are paying for".

Open Europe - independent think tank calling for radical reform of the EU

Unfortunately the story on FT Deutschland link is......in German. Undurchsichtige Strukturen: EU bekämpft Abzocke bei Kontogebühren | FTD.de

[Amethyst]

Re: Negotiating Line for the Consumer Rights Directive unfair charges ..... RESPONSE

lol Babelfish



EU bekämpft Abzocke bei Kontogebühren

Exclusively the European Commission forces banks to more transparency with account fees. Domestic market commissioner Michel Barnier threatens with new laws, if the banks do not provide for a better comparability of their offers. by Reinhard Hönighaus Brussels

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“The fee structures are often so obscurely that consumers do not know, what it for which pay. Often they get services, which do not need, write them at all” Barnier in a confidential letter to the European bank federations. The letter is present the FTD.
Recruit confidence
Background of the raid is a smoldering debate about the fastened consumer confidence since the financial crisis. Barnier wants to cure to the banks to recruit with superoffers and abzukassieren in the back at the customer. According to a collection the banks in Italy and Spain are enough for its authority particularly violently too: Here annually more than 300 euros become due for achievements such as account and map fees, overdraft interest and Telefonbanking for average users.


European Union domestic market commissioner Michel Barnier

Follow Latvia, France and Austria with approximately 150 euros. Accounts are most favorable in Portugal, Bulgaria and Belgium. There accounts cost less than 50 euros. Germany lies with scarcely 100 euros in the centre zone. Such differences are for the commission an indication for market failure: “We believe that urgently remedy must be created here”, writes Barnier.
Now of Europe would have banks all “fees, costs and commissions, which for the opening of an account, account processing and - locking to result, as well as costs of products and services, which are bound to the account”, to reveal. If they do not inform themselves “in an appropriate period” on a uniform newspaper for the customers, become Brussels legislative actively, warn the Frenchman.



Consumer protections are jubilant
Consumer protections welcome the raid. “We demand for a long time independent price comparisons and an annual fee excerpt, which prove, said all paid fees” Monique Goyens, boss of the European consumer federation Beuc.
Banks take the threat from Brussels seriously, because the commission forced them already last year with the menace of a law to make a fast and free account change possible to other banks. The institutes must since then free of charge regulate the transfer of information about debits, standing orders and regular receipts of payment within few working days among themselves and for customers.
This self obligation is supervised by the bank federations themselves. “That is very complex. Adjustment would be cheaper”, was called it in banking sources. Some institutes want to rather wait for from there with fee transparency a legal regulation.


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[Angry Cat]

Re: Negotiating Line for the Consumer Rights Directive unfair charges ..... RESPONSE

And, the Swiss?