Regulation of Debt Collection in Europe

Understanding Informal Debt Collection Practices

AvCătălin Gabriel Stănescu

Häftad, Engelska, 2024

Del i serien Routledge Research in Finance and Banking Law

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Beskrivning

Due to the absence of due process and other procedural guarantees generally offered by judicial enforcement, informal debt collection practices (IDCPs) can become abusive, harming both consumers and the economy by threatening consumers’ physical, psychological, and economic wellbeing; exposing lawabiding debt collectors to unfair competition; undermining the financial system; and negatively impacting social peace by resorting to criminal activity. The need to control and harmonize IDCPs surfaced in connection with the European Commission’s Action Plan to tackle the high level of non-performing loans caused by the financial crisis and the Covid-19 pandemic –specifically the Proposal for a Directive on Credit Servicers, Credit Purchasers, and the Recovery of Collateral (CSD). Harmonizing the regulation of abusive IDCPs is vital for several reasons. First, IDCPs have a cross-border dimension due to the freedom of movement, enabling debt collection operations across the internal market. Second, the internal market’s size amounts to over 450 million citizens potentially exposed to abusive IDCPs. The regulatory frameworks addressing IDCPs in the E.U. display divergent characteristics that may be difficult to navigate and require creating a level-playing field for consumers and debt collectors, especially when approaches vary at Member State level. This book addresses this gap by providing a comprehensive guide to regulating informal debt collection practices in eight Member States of the E.U. and the United Kingdom (U.K.). It serves as a comparative law instrument for implementing the recently adopted CSD. It will be important reading for students, academics, and stakeholders with an interest in debt collection practices and the law.

Produktinformation

Utgivningsdatum:2024-05-27
Mått:156 x 234 x 14 mm
Vikt:453 g
Format:Häftad
Språk:Engelska
Serie:Routledge Research in Finance and Banking Law
Antal sidor:242
Förlag:Taylor & Francis Ltd
ISBN:9781032380346

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Mer om författaren

Cătălin-Gabriel Stănescu is Associate Professor in Law at the Faculty of Business and Social Sciences, University of Southern Denmark.

Innehållsförteckning

List of contributors Acknowledgements Regulating informal debt collection in the European Union: An introduction CĂTĂLIN-GABRIEL STĂNESCU1 Contemporary European debt collection practices through the prism of the rule of law TIBOR TAJTI (THAYTHY)2 Regulation of abusive informal debt collection practices in Croatia PAULA PORETTI3 Debt collection services in Germany: A sector in turmoil DAVID MARKWORTH4 Abusive informal debt collection practices in Greece ELENI KAPROU5 Abusive debt recovery practices in Estonia KARIN SEIN6 Doubling down on debt?: Legal responses to private debt as a business model in the Netherlands CANDIDA LEONE AND JOANNA VAN DUIN7 Regulation of abusive informal debt collection practices in Poland JAKUB KĘPIŃSKI8 Romania’s struggle to regulate abusive debt collection practices CĂTĂLIN-GABRIEL STĂNESCU AND ALBERT ALBANEZI9 Regulation of abusive informal debt collection practices in Sweden HAJO MICHAEL HOLTZ10 Regulation of abusive informal debt collection practices: The U.K. debt collection industry: why regulation isn’t enoughJODI GARDNER AND MIA GRAY11 Can the Representative Actions Directive combat abusive debt collection practices in the E.U.? AGNES HORVATHIndex

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