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Germany · Motion · Antrag

17/10988

A legal upper limit for consumer-friendly overdraft interest rates

rejectedGermany· German Bundestag· DE

Introduced

16 October 2012

Last action

Status

Abgelehnt

Sponsors

Subjects

Discovery layer

Source updated

26 July 2022

Summary

Presentation of a legal regulation to limit the interest rate for agreed account overdrafts to a maximum of 8 percentage points above the base interest rate in accordance with Section 247 of the German Civil Code (BGB) and mandatory consumer information about cheaper alternative credit products, improvement of price transparency, biennial reporting on interest rate developments, examination of consumer protection measures at EU level

Machine translation from German. The official text remains authoritative.

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Documents

2 official files

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Sources

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