consumer debt and social exclusion in europe markets and the law

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Consumer Debt And Social Exclusion In Europe

Author : Hans-W. Micklitz
ISBN : 9781317161264
Genre : Law
File Size : 39. 71 MB
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This book analyses the dichotomy between the goal of social inclusion and the effect of social exclusion through over-indebtedness since 2008 in Europe. Filling a vital gap in the current literature on the effects of the financial and economic crisis, this volume puts into context academic discussion with the real-life dimension of over-indebtedness. Reports from six European countries provide socio-economic and legal information on over-indebtedness as well as the regulatory and judicial responses to the problems entailed by over-indebtedness. They form the empirical background for five analyses of different aspects of the inclusion-exclusion dichotomy. It becomes clear that in the context of credit expansion, individual over-indebtedness has turned into a social issue, which the current design of the consumer credit and mortgage system in Europe has helped to produce while disregarding the consequential danger of social exclusion.

Consumer Vulnerability And Welfare In Mortgage Contracts

Author : Irina Domurath
ISBN : 9781509913404
Genre : Law
File Size : 70. 43 MB
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This book advocates a new way of thinking about mortgage contracts. This claim is based on the assumption that we currently live in a political economy in which consumer debt fulfils a social function. In the field of housing this is evidenced by the expansion of mortgage credit through which consumers are to purchase residential property as a means of social inclusion and personal welfare. It is suggested that contract law needs to adjust to this new social function in order to avoid welfare losses in terms of default, over-indebtedness, and possibly eviction. To this end, this book analyses theoretical contract law frameworks and makes concrete proposals for contract law in the EU legal order.

The Images Of The Consumer In Eu Law

Author : Dorota Leczykiewicz
ISBN : 9781509900374
Genre : Law
File Size : 35. 80 MB
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This book consists of contributions exploring from different perspectives the 'images' of the consumer in EU law. The images of the consumer form the foundation for various EU policies, more or less directly oriented towards the goal of consumer protection. The purpose of the volume is to establish what visions of the consumer there are in different contexts of EU law, whether they are consistent, and whether EU law's engagement with consumer-related considerations is sincere or merely instrumental to the achievement of other goals. The chapters discuss how consumers should be protected in EU contract, competition, free movement and trade mark law. They reflect on the limits of the consumer empowerment rationale as the basis for EU consumer policy. The chapters look also at the variety of concerns consumers might have, including the cost of goods and services, access to credit, ethical questions of consumption, the challenges of excessive choice and the possibility to influence the content of regulatory measures, and explore the significance of these issues for the EU's legislative and judicial process.

Payday Lending

Author : Carl Packman
ISBN : 9781137361103
Genre : Business & Economics
File Size : 80. 46 MB
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Payday Lending looks at the growth of the high cost credit industry from the early payday lending industry in the early 1990s to its development in the US as a highly profitable industry around the world.

Consumer Credit Debt And Bankruptcy

Author : Johanna Niemi
ISBN : 9781847315229
Genre : Law
File Size : 81. 65 MB
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After a long period of prosperity and steady economic growth, the world's leading economies are now in crisis, and although there will be debate about its origins, the scale and seriousness of the crisis is in no doubt. There is also no doubt that excessive amounts of consumer credit, allied to a weak understanding of how globalised credit markets might react to a crisis, have played a significant part. This book, which is primarily about credit, debt and the trouble they have led to, is written by authors who have specialised in researching into over-indebtedness, that is, situations in which an individual's debt burden has become overwhelming. For these authors the plight of individuals is a primary concern, but the wider issue is how credit is used and how it changes societies. The essays in this volume, addressing topics which are fundamental to our understanding of the current crisis, range widely across the whole sector of consumer finance, including mortgages, 'credit-binges', the regulation of consumer lending, insolvency, repayment plans, debt counselling and much more besides. The conclusions drawn from the book are equally wide-ranging, but above all the lesson learned from these essays is that the financialisation of contemporary life ensures that issues of the appropriate role of credit remain of critical importance in society.

International Responses To Issues Of Credit And Over Indebtedness In The Wake Of Crisis

Author : Dr Therese Wilson
ISBN : 9781409473398
Genre : Law
File Size : 75. 48 MB
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This book explores the political, economic and regulatory context in which credit regulation is taking place following the global financial crisis. It suggests that current neoliberal economic policies favour multi-national corporations rather than consumers and examines regulatory responses to the internationalization of consumer finance protection. Detailing how EU consumers have been affected by national economic conditions, the book also analyses the lending regimes of Europe, Australia, the US and South Africa and offers suggestions for responsible lending to avoid over-indebtedness and corrupt mortgage-lending. Finally, new approaches and directions for consumer credit regulations are outlined, such as protection for small businesses, protection against risky credit products, reorganization of mortgage securitization and the possibility of a partnership model to address financial exclusion. The book includes contributions from leading names in the field of consumer law and will be invaluable to those interested in banking, business and commercial law.

Legal Solutions To Debt Problems

Author : Council of Europe. Committee of Ministers
ISBN : 9287163545
Genre : Consumer credit
File Size : 86. 10 MB
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The Council of Europe Committee of Ministers' Recommendation Rec(2007)8 on legal solutions to debt problems is the first international legal instrument that estabishes a set of legal principles in order to assist national legislators in introducing or reinforcing laws and policies in this field. The recommendation covers three main areas: prevention of over-indebtedness of individuals and families, alleviation of the effects of debt recovery in order to avoid social exclusion and rehabilitation of over-indebted individuals with due regard to their human dignity.

Social Exclusion In European Welfare States

Author : R. J. A. Muffels
ISBN : STANFORD:36105026596853
Genre : Business & Economics
File Size : 37. 45 MB
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'This book provides useful analysis for social policy academics with a European bent, and should embolden policymakers. It does not underplay the challenges facing the EU, and especially southern countries and the UK, but it affirms that employment and welfare policy can and do make a difference.' - T. Burchardt, Education Economics

Proposed Eu Consumer Credit Harmonisation Directive

Author :
ISBN : 0104007370
Genre : Consumer credit
File Size : 73. 97 MB
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The European Commission proposes to establish, through a directive, the legal conditions to create a single EU-wide market in consumer credit. This interim report details the emerging issues: (1) whether it is currently feasible or desirable to create such a single cross-border market; (2) what would be the consequences of imposing maximum (or total) harmonization which might forbid member states from introducing legal provision other than those in the directive; (3) whether it would be better to introduce appropriate EU-wide minimum standards for consumer credit transactions, to give greater certainty for credit suppliers and improved protection for EU consumers. The Committee doubts whether a single market can easily be created, and seriously questions the Commission's proposal on maximum harmonization. The alternative approach, setting minimum standards, is supported, and the Committee lists elements which might be incorporated into new EU-wide legislation.

Poverty And Social Exclusion In Britain

Author : Pantazis, Christina
ISBN : STANFORD:36105126904643
Genre : Political Science
File Size : 74. 23 MB
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Includes statistical tables and graphs.

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