Sep 30, 2019 | Enabling Transactions
In our response to the public consultation on loan origination and monitoring organised by the European Banking Authority (EBA), ACCIS recalls that creditworthiness assessments that use more comprehensive data are more accurate in predicting credit risk and...
Apr 9, 2019 | Enabling Transactions
In our response to the public consultation on the evaluation of the Consumer Credit Directive (CCD), ACCIS recalls that creditworthiness assessments are an important regulatory requirement to protect consumers from over-indebtedness and recommends five ways to improve...
Feb 20, 2019 | Enabling Transactions
In our letter, ACCIS recommends that the providers of microcredit assess the prospects of repayment and loan affordability on the basis of data that is relevant, adequate and necessary, including positive information, for each specific credit application. ACCIS also...
Nov 16, 2018 | Enabling Transactions
In this document, Credit Reference Agencies share their views on creditworthiness assessments. Those views are articulated around five principles: Principle 1. Creditworthiness assessments should meet two interconnected, primary policy objectives: reduction of...
Jul 27, 2018 | Enabling Transactions
In our feedback note on the evaluation of the Consumer Credit Directive (CCD), ACCIS invites the European Commission to evaluate how the outcomes of the creditworthiness assessment obligation provided for in the CCD compare with the outcomes of the ‘strengthened...
Jun 5, 2018 | Enabling Transactions
In our feedback note, ACCIS explains that credit servicing and credit reference activities are different and that, in our view, the text of the proposed Directive should be clarified so that CRAs and their activities are not included in the scope of this Directive. We...
