On 30 June 2021, the European Commission (EU COM) published a Proposal for a Directive on Consumer Credits. The VDA very much welcomes the objective of ensuring a high level of consumer protection and facilitating the emergence of a functioning internal market in consumer credit. However, the proposed Directive also involves a number of modifications and new regulations that are very unfavourable for the automotive financial services sector. These are briefly listed below and should be taken into account by the European Parliament in the negotiations on the Directive.