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Regulation of Abusive Debt Collection Practices in the EU Member States: An Empirical Account

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  • C.-G. Stănescu

    (University of Copenhagen)

Abstract

The article seeks to establish, in a comprehensive manner, if and how abusive debt collection practices are regulated in the respondent EU Member States. Using empirical data gathered from consumer and supervisory agencies as well as debt collection associations in 26 EU Member States, it provides an insight into (a) the existence of a licencing regime for debt collectors; (b) the potential transboundary dimension of debt collection and its implications for the common market; (c) the types of abusive debt-collection practices encountered in the Member States; (d) the efficacy of self-regulation via Codes of Conduct; and (e) the potential traditional remedies available to consumer-debtors. The article concludes that the existence of different national models creates potential issues and discrepancies in the legal status and defences available to consumer-debtors across the EU, which ultimately affects the proper functioning of the single credit servicing market. The advocated solution is that of a harmonized sector-specific regulation of abusive debt collection practices at EU level.

Suggested Citation

  • C.-G. Stănescu, 2021. "Regulation of Abusive Debt Collection Practices in the EU Member States: An Empirical Account," Journal of Consumer Policy, Springer, vol. 44(2), pages 179-216, June.
    • Handle: RePEc:kap:jcopol:v:44:y:2021:i:2:d:10.1007_s10603-020-09476-8
    DOI: 10.1007/s10603-020-09476-8
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    References listed on IDEAS

    as
    1. S. Nessel, 2019. "Consumer Policy in 28 EU Member States: An Empirical Assessment in Four Dimensions," Journal of Consumer Policy, Springer, vol. 42(4), pages 455-482, December.
    2. Frederique Dahan & John Simpson (ed.), 2008. "Secured Transactions Reform and Access to Credit," Books, Edward Elgar Publishing, number 12932.
    Full references (including those not matched with items on IDEAS)

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