Information on the Consumer Credit Directive (CCD)
August 2010
On 11 June 2010, the European Communities (Consumer Credit Agreements) Regulations 2010 came into force in Ireland. This is a new regulation which changes the way all credit card providers must calculate and provide the APR (annual percentage rate of charge) to new customers from 11 June 2010.
The result of the regulations means that when we tell customers about the APR on their account the annual Government stamp duty of €30 (applied on 1 April each year) must be included in the APR that we provide them.
This does not change the amount of interest our customers are charged or when Government stamp duty is applied to their account. View our Frequently Asked Questions for more information.
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