Its members are essentially finance houses, specialised banks, captive finance companies for cars, equipment, etc. manufacturers and universal banks.   It is estimated that together Eurofinas members financed over 320 billion euros worth of new loans in 2010 with outstandings reaching 820 billion euros at the end of the year. Companies represented through Eurofinas employ some 87,000 individuals.

SAVE THE DATE: the 2012 Annual Convention of the European consumer credit industry will be held on 11 & 12 OCT. More information is available in Issue 2 of Eurofinas' quarterly Newsletter, Consumer Credit Bulletin Europe.

New in Eurofinas' library: 'Enhancing the customer experience in consumer lending', pwc 2011.

Major credit insurance company has joined Eurofinas as Associate member for 2012. More news coming soon.

What's new?

In the spotlight

Now available
Eurofinas/ACCIS Report on Fighting Fraud in Consumer Lending

Fighting fraud is an issue of crucial importance to both consumer credit providers and credit bureaus, in particular the issue of access to and exchange of fraud data. Currently, the lack of harmonisation in data protection rules at European level and the stringent nature of these rules are obvious obstacles in the fight against fraud.

As the European Commission is reviewing the European data protection framework, this timely report reflects on the impact of data protection rules on the fight against fraud in the area of consumer lending. It examines the different types of fraud in consumer lending, how lending institutions detect and fight fraud, the role of databases therein, the size and extent of the problem and the data protection obstacles faced.

Most importantly, concrete recommendations are made in the report towards ensuring that the future EU legislative framework in the area of data protection is appropriate and workable in practice.

To receive your copy of the report, please contact a.delava@eurofinas.org