3.19 Article 32(4) of CCD2

Unique Reference Number: 
DFIN-C8-3
Status: 
Submitted
Author: 
BPFI

3.19 Article 32(4) of CCD2

No, given the potential for unintended consequences for consumers and lenders. Credit intermediaries are an important distribution channel delivering a convenient point-of-sale option for consumers, and any ban on commissions may jeopardise the future commercial viability of credit intermediaries.

Furthermore, the Consumer Protection Code sets out clear requirements in relation to intermediary inducements, the payment of commission and avoiding conflicts of interest.