Will the Directive 2014/17/EU on mortgage credit protect consumers in the next economic and or financial crisis?

Author:M. Elvira Mendez Pinedo
Position::Professor of European Law (EU and EEA law) at the Law Faculty of the University of Iceland

The Directive 2014/17/EU on mortgage credit agreements for real estate properties (Mortgage Credit Directive or MCD) reflects the classic tension in the European Union (EU) between the goal of attaining a European single mortgage credit market and the obligation to provide a high level of consumer protection. The classic approach of EU law to solve the tension is to find a balance between those... (see full summary)

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