On 9 November 2012, the Lower Chamber of the Parliament held second reading of the Government Bill to implement EU Directive 2011/90/EU of 14 November 2011 providing additional assumptions for the calculation of the annual percentage rate, and to propose additional change to current Consumer Credit Act. The main proposed changes include (i) new formula for calculation of annual percentage rate, (ii) stricter rules for assessment of credibility of consumers, (iii) new rules for disclosure of commissions paid to intermediaries, and (iv) new rules protecting consumers, including prohibition of use of bills of exchange, promissory notes and cheques as security required from consumers. As a next step, the Bills will be considered in third reading by the Lower Chamber of the Parliament.