On Tuesday, the European Parliament (EP) approved in a final global vote a rule that will allow cancer survivors to apply for loans that require insurance without discrimination because of their illness.
The law was approved by 608 votes to 8 against and 15 abstentions at the plenary meeting in Strasbourg and includes a part protecting cancer patients through the “right to be forgotten.”
In other words, ten years after the end of treatment, cancer survivors cannot be discriminated against based on their past clinical history when they apply for a loan that requires insurance.
At the same time, MEPs approved a directive already agreed between EP and Council negotiators in December 2022, which aims to ensure the “smooth functioning of credit markets” while protecting consumers.
The bill, which will cover loans up to 10,000 euros, was approved by 608 votes, 8 against and 15 abstentions.
With these changes, 27 will begin to require the mutant to conduct a comprehensive assessment of the consumer’s creditworthiness before concluding a loan agreement.
In this way, “irresponsible” lending and excessive debt can be avoided.
To go further in the area of consumer protection, the EP also approved that non-bank mutants and credit intermediaries are subject to an admission process, registration and supervision by independent authorities in each country.
Lending advertisements will now include a “clear and prominent warning that borrowing costs money.”
27 must also ensure that consumers can terminate credit agreements without any reason within 14 days.
Author: Lusa
Source: CM Jornal
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