Lecturer Zanda Dāvida from the Faculty of Law of the University of Latvia (UL) also participated in the seminar, providing insight into current developments in Latvia's consumer credit legal framework and the issues identified in practice.
During the two-day seminar, attention was focused on several key consumer credit issues, including restrictions on consumer credit advertising and credit cost caps, consumer creditworthiness assessment, unfair contract terms, as well as consumer protection during the stages of contract performance and debt collection. Issues regarding mortgage lending, forced execution of obligations, payment order procedures, and out-of-court debt recovery were addressed separately.
In June 2027, a continuation of the project is planned in Tallinn—an international conference where discussions on consumer credit regulation from the perspective of Nordic and Baltic countries are set to continue. Furthermore, the project aims to prepare and publish a series of scientific articles analyzing the legal framework, application practice, and current issues of consumer credit in various countries, including Latvia.
