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Protecting Mortgage Holders and Consumers from Risky Financial Products in Spain

Summary

This resolution addresses the crisis of mass evictions and abusive mortgage practices in Spain. It calls for better consumer protection, stricter oversight of financial institutions, and more effective debt restructuring options.
10 08.10.2015
Other
finance
civil law
human rights
social policy
business and competition

Key points

  • The resolution addresses the massive social crisis in Spain caused by hundreds of thousands of home evictions since 2008.
  • It highlights the need to combat abusive clauses in mortgage contracts that violate European consumer protection directives.
  • The Parliament calls for the strict monitoring of how EU court rulings regarding mortgage protection are implemented by national authorities.
  • It demands better oversight of the implementation of new rules regarding credit agreements for residential property.
Documents (PDFs)
MOTION FOR A RESOLUTION on mortgage legislation and risky financial instruments in Spain (based on petitions received) Mortgage legislation and risky financial instruments in the EU: the case of Spain
These raw data are provided by the Open Data Portal of the European Union (data.europa.eu) and are licensed under ODC-BY 1.0.