EU sweep finds 70% of credit websites breach rules

Up to 70% of EU-based credit websites checked in an EU “sweep” failed to meet consumer law requirements, a survey revealed today.

A total of 562 sites were monitored in the 27 EU countries, plus Norway and Iceland, as part of a co-ordinated investigation – and 393 were found in breach of rules designed to improve clarity for customers seeking personal loans and credit card deals.