5 Amendments of Josef WEIDENHOLZER related to 2017/2066(INI)
Amendment 23 #
Draft opinion
Paragraph 3
Paragraph 3
3. Underlines that consumers need to be able to choose the best rates and be aware of fees and other associated costs when making transactions or payments abroad, including when using dynamic currency conversion (DCC); asks the Commission to require that the value of a transaction be displayed both in local currency and in the consumer’s home currency at the time of the transaction, and that rates offered by different financial service providers be displayed similarly in a transparent manner, and calls for that includes all fees in both currencies; in addition, a neutral reference rate provided by a non-business actor; , such as InforEuro1a, should be displayed to allow consumers to easily identify overcharging using DDC; _________________ 1a http://ec.europa.eu/budget/contracts_gran ts/info_contracts/inforeuro/index_en.cfm - Commission website that publishes monthly conversion rates to be used for EU financed projects. This rate could provide an available and publicly accessible reference to market rates and discourage overcharging.
Amendment 39 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Underlines that comparison tools can only fulfil their trust-building role in the digital market, if they are seen as neutral and inclusive;asks the Commission to ensure that comparison websites identify in a transparent way their selection of providers which are compared and that their own financial interests and potential conflicts of interests regarding a neutral comparison, like a remuneration by specific providers, are fully disclosed;
Amendment 51 #
Draft opinion
Paragraph 6 a (new)
Paragraph 6 a (new)
6 a. Welcomes the Commissions intention to make loans and other financial products available across borders;highlights the importance of this option when using instalment purchases offered directly on online shopping websites;
Amendment 53 #
Draft opinion
Paragraph 6b (new)
Paragraph 6b (new)
6 b. Acknowledges that the ability to assess realistically and precisely the financial risks involved in lending to consumers in another country is a prerequisite for cross border loans; calls on the Commission for comparable criteria and standards of creditworthiness assessments to be developed together with the financial industry, making locally created creditworthiness assessments comparable between Member States in order to enable and facilitate cross-border loans;
Amendment 56 #
Draft opinion
Paragraph 6 c (new)
Paragraph 6 c (new)
6 c. Underlines the potential of big data in creating more accurate and personal creditworthiness assessments;underlines the importance of data protection and privacy when creating creditworthiness assessments in this way;underlines that a negative credit rating cannot be based solely on a lack of such data and that traditional ways of creating creditworthiness assessments need to be explored in cases where big data is insufficient;