| | House of Lords - European Union - Written Evidence |
 | | The move to maximum harmonisation for consumer credit, alone of all the numerous consumer protection measures introduced by the European Community, was strongly criticised by Member States and by the European Parliament, which amended the proposal to restore the current concept of minimum harmonisation. |
 | | The effect of maximum harmonisation is that, while it may increase consumer protection in countries with less developed consumer credit laws, it will reduce it in those whose laws give greater protection in areas covered by the Directive. |
 | | But the shift to maximum harmonisation will cause serious difficulties of implementation, necessitating a large number of changes to our existing statutory provisions and the elimination of various measures for the protection of the consumer which reflect the particular conditions, practices and areas of concern in the UK consumer credit market. |
| www.parliament.the-stationery-office.co.uk /pa/ld200506/ldselect/ldeucom/37/37we07.htm (4568 words) |