Particularly, an excessive amount of standard fees towards the payday loan and you may playing cards get slide not as much as its scope

Particularly, an excessive amount of standard fees towards the payday loan and you may playing cards get slide not as much as its scope Regarding the lack of particular tool-related control in the Eu or national top, people may derive certain security up against potentially dangerous top features of highest-cost borrowing products on Unfair Offer Terms and conditions Directive. Footnote 57 Despite the modern significance of the latest Unjust Package Terms and conditions Directive – because “resting charm” that has been “kissed conscious” of the CJEU on the aftermath of one’s globally economic crisis (Micklitz and you may Reich 2014, p. 772) – it should be borne planned that directive is not relevant to help you cases where zero unfair preformulated words are involved. Furthermore, the latest “fairness handle” not as much as that it directive isn’t concerned with brand new substantive fairness regarding borrowing deals, Footnote 58 but instead into fairness of your own procedure that has actually resulted in their achievement. Thus, the art of brand new Unfair Offer Terms Directive making up on the insufficient substantive safeguards against very dangerous options that come with high-rates borrowing points is actually inherently limited. Footnote 59 Cross-Offering If you’re cross-promoting, where a consumer credit product is marketed together with commission security insurance or another economic device, could have been defined as one of the major factors behind user hindrance on Eu credit Credit Directive cannot adequately manage it behavior. […]