| (3)BG: for banking services as listed below:acceptance of deposits and other repayable funds from the public,lending, such as consumer credit, mortgage credit, factoring and financing of commercial transactions,payment and money transmission services,guarantees, excluding guarantees of the State Treasury,financial leasing:none, except for those in the Market Access column.BG: for Other financial services as listed below:participation in issuance of securities, including underwriting of securities, excluding treasury bonds,trading for own and customers account of transferable securities,asset management (excluding pension fund managemen ...[+++]t):none, except for those in the Market Access column.

However, in regard to consumer spending, some writers express a lot of fears in terms of the United States, and probably in terms of our own economy, at the tremendous backlog of plastic credit that's out there.

8. NOTES that, while over-indebtedness does not consist solely of debts linked to credit, it is in most cases linked to the existence of credit, and consumer credit in particular;

The conference concluded inter alia that a new European Directive on consumer credit was of vital importance, and that a European Monitoring Centre on Indebtedness should be set up.

It is interesting to compare these figures to personal bankruptcy statistics. You do not have to be a genius to see the relationship between consumer credit, or indebtedness, and a potential personal bankruptcy.

Whereas the consumer should receive adequate information on the conditions and cost of credit and on his obligations; whereas this information should include, inter alia, the annual percentage rate of charge for credit, or, failing that, the total amount that the consumer must pay for credit; whereas, pending a decision on a Community method or methods of calculating the annual percentage rate of charge, Member States should be able to retain existing methods or practices for calculating this rate, or failing that, should establish provisions for indicating the total cost o ...[+++]f the credit to the consumer;