3.21 Article 35(3) and (4) of CCD2

Unique Reference Number: 
DFIN-C8-1
Status: 
Submitted
Author: 
Brokers Ireland

3.21 Article 35(3) and (4) of CCD2

Imposing fees on someone in default can further impact their ability to repay.  Charges should be minimal to encourage getting the consumer back on track while limiting the cost to the provider.  Some risk costs are already priced into interest rates so they should be capped.