3.7 Article 14(2) of CCD2

Article 14(2) provides for a derogation from the general prohibition on tying practices, which can induce consumers to enter into credit agreements that are not in their best interest. However, Member States may allow creditors to request consumers to maintain a payment or saving account where the purpose of the account is to accumulate capital to repay the credit, to service the credit, to pool resources to obtain the credit or to provide additional security for the creditor in the event of default.

Question 7 – Should creditors be allowed to require borrowers to open or maintain accounts as part of the credit agreement for the above purposes?