The European Parliament has confirmed its willingness to make the mortgage credit sector subject to improved consumer protection measures at EU level by approving new rules on mortgages. The aim of the Mortgage Credit Directive is to make responsible mortgage lending the norm across Europe. The Directive introduces responsible lending practices across the EU. Consumers will be better informed as lenders will have to provide them with a standardised information sheet so they know the risks, they can also shop around for the best product at the best price to suit their needs. A lot of consumers will be protected by resisting the risk of over indebtedness and default. Creditors will be encouraged to apply reasonable forbearance when confronted with consumers in serious payment difficulties. Commissioner Barnier has welcomed this initiative as an important step towards strengthening consumer protection in the financial services area and towards completing the Single Market.