Consumer protection relating to consumer credit agreements concluded online Reinhard Steennot Professor in Law at Ghent University (Belgium) Financial Law Institute Introduction 1. In the information society, modern means of communication are increasingly being used for the provision of financial services. Consumers are given the possibility to open an account, to obtain credit and to buy and sell financial instruments using one or more means of distance communication, such as the Internet. The aim of this paper is to find out 1) whether it is legally and practically possible to conclude a consumer credit agreement over the Internet and 2) which protection is offered to consumers concluding a distance consumer credit agreement. Answering these questions we will take into account the European Directive on Electronic Commerce, the European Directive on the Distance Selling of Financial Services to Consumers, the Directive on the Protection of Consumers in respect of Distance Contracts, the amended proposal for a Directive on Consumer Credit and the existing Belgian legislation. ID: 37064 Author(s): iff Publication date: 21/03/06     Prof. Dr. Reinhard Steennot ‘Consumer protection relating to consumer credit agreements concluded online’ (199608 Bytes) Prof. Dr. Reinhard Steennot PowerPoint presentation (101386 Bytes)

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Created: 21/03/06. Last changed: 21/03/06.
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