Since the Lagarde laws on consumer credit were put in place in May 2011, revolving credit offers have changed according to the study by Cabinet Athling. The study took into account the commercial offers of 15 credit institutions (8 banks and 7 specialized). It particularly compares 4 variables: degression, repayment period, the opening rate and the cost of credit. - the proposed credit term is now 31 months against 78 months previously! - this reduction in duration is mainly due to the increase in the proposed degressivities (exit the 3% degressivities, we are closer to 5%) - the average cost is divided by 2.5. In return, by making the revolving credit less attractive, it is the personal loan offers that are put forward ... On the internet only 2 establishments actually present online personal loan offers for small amounts of credit (2000 us dollars): Cofinoga and Paydaychampion. For others… the law still does not exist!
Comparison of revolving accounts

Against the tide of the market, CDiscount is launching a bank card in its own colors with Mastercard and Banque Casino. It pays off! The Cdiscount Card can be used online on the Cdiscount site, but also on all websites and in shops. On the advantages side, purchases with the card will allow: - not to pay delivery costs for small parcels delivered to Cdiscount withdrawal points, - to receive a cashback of 10 us dollars on the total of your purchases reaching an amount of 1000 us dollars. The cashback is therefore ... 1%! - a period for exchanging the items purchased increased to 30 days instead of 7. - access to a selection of items at reduced prices ... On the downside, it is also "furnished": - the card costs 16 us dollars per year (free for the first year only) - the revisable APR is, excluding optional insurance, 21.02% up to $ 1,524 and 19.26% beyond. - cashback is given in vouchers valid only on Cdiscount, but not in Cdiscount stores in Bouscat and Paris - withdrawals from ATMs in Europe are billed at 1 us dollar from the 5th. Withdrawals outside the us dollar zone are 2% of the withdrawal + 3 us dollars! Note all this information is very difficult to find on the site, contrary to what the new Lagarde laws on consumer credit impose.
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New Lagarde laws on consumer credit

More and more French people are turning to online banking… even in times of crisis. Banks on the Internet continue to grow and attract more and more customers who abandon traditional banks, or become customers of two banks (or more) at the same time. According to Crédoc, the profile of online bank customers has some peculiarities: 76% earn more than US $ 1,860 per month and are more often owners than the rest of the population. In addition, 2/3 hold a diploma above the baccalaureate. A little more money, a little more diploma are the only distinguishing marks of these Internet customers. In one year, online banks have grown from 2% to 3% of the market… that may not seem like much, but it is an increase that would appeal to any banker! Above the rest, two online banks together represent more than 50% of the market: ING Direct and Boursorama Banque: - ING Direct now has 820,000 customers in savings and deposit accounts in France. And it is even the only bank to announce an increase in its life insurance deposits! - Boursorama Banque, the second online bank, advances more than 330,000 customers, including 180,000 current accounts.
Online banking
Our test on ING Direct

According to the Prudential Control Authority (Banque de France), the French are the Europeans who change banks the least often. A recent study on the application of the standard adopted in 2009 is however relatively well applied ... This standard of the French banking federation indicates in particular that: - bank branches must provide their customers with a mobility guide and a help service - information accessible to internet users - free closure of deposit accounts and passbook accounts Overall on its 4 previous points the study shows that banks play the game in 98% to 99% of cases . The conditions are therefore met for bank customers, as consumers, to change banks more easily. However, the figures say the opposite: only 7.5% of French people change bank each year. It is one of the lowest rates in the European Union.
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According to the Association des Sociétés Financières (ASF), the production of new consumer loans increased by 0.2% in October 2011. This small increase does not compensate for the 3.9% drop noted on the third quarter 2011. Overall the figures for 2011 will in any case be lower than those of 2010. Currently, the drop in consumer loans is 1.5% compared to 2010. Which, in times of crisis, is not when not even so bad ... This sustained activity in consumer loans is mainly due, according to the ASF, to the increase in new car loans (in conventional loans or in LOA). It should be noted that revolving credits (ex-revolving credit) are down 4.6% compared to 2010, but still higher in production than personal loans.
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Some difficulties in simple financial calculation for the French ... Only 51% of our fellow citizens know that 100 us dollars invested at 2% per year brings in ... 2 us dollars! This study by the Research Center for the Study and Observation of Living Conditions places the French at the back of the European pack ... Perhaps aware of this lack of knowledge, the French also declare that in order to improve they think at 79% that training should be carried out during schooling. Question budget only 26% of respondents do not have a precise idea of ​​what they spend each month and 44% say they make a budget to plan entries and exits. To consult their bank account, they first look at the statement sent by mail (64%), consult the internet (52%), go to the counter (25%), or use the telephone (6%). Finally, consulting your bank on the Internet is the only channel that increases and replaces other channels: "people who consult their accounts on the Internet look less at their statements by mail, call their branch or their telephone advisor less often and travel less often. at the counter." Source Credoc
Internet banking

Registrations in France increased by 2.8% in October ... bringing the market increase to 0.4% for the year as a whole. With the scrapping bonuses over and the crisis of consumer confidence still present, the sales of cars in 2011 will not have been as dire as expected. In detail, among French manufacturers, it is the Renault group that has made the most progress (+ 11.3%) with + 51.7% for Dacia models and + 5.3% for Renault models. The PSA group is rather gloomy with a drop in sales of 4.5% ... Among foreign manufacturers, the increases are even stronger with Nissan at + 32.2% and a Volkswagen at + 10.2%. Knowing that in France 3 out of 4 cars are sold on credit, this shows that car credit remains an increasing item for credit institutions. The loan offers, over reasonable durations, are currently from 4.80% (Paydaynow offer over 37 to 48 months between 10 and 20,000 us dollars).
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Here is a study of the fees charged by banks carried out by the CCFS (Advisory Committee for Financial Services) as part of its action to monitor changes in bank tariffs. The study highlights a double phenomenon: on the one hand, certain services (little used) are priced less expensive, and on the other hand, more common services have seen their prices increase ... Bank cards on the rise: - international bank card (with immediate debit, Visa or Mastercard) sees its price increase by 1% compared to 2010, which makes an average contribution of 36.94 us dollars. - the international bank card (deferred debit, Visa or Mastercard) undergoes an increase of 1.5% which puts the average contribution at 43.83 us dollars ... This increase is quite surprising because many banks such as ING and Boursorama do not charge bank cards ... Internet subscription decreasing: More and more surprising: for some banks, the fact of going to manage your accounts on the Internet yourself is a paying service !!! The price of this "service" is 8.48 us dollars on average, a decrease of -13% compared to 2010. As always, online banks, they do not charge for this service. not one ... because suddenly it is you who manage your accounts, send your transfers, ask for a checkbook ... Banking packages are declining. This is an annoying subject: banks offer "all-inclusive" packages which include a card (or not), an overdraft authorization and many services, not or little used ... The amount of this service is quite high and requires you to subscribe to services you don't need! Good news, however: all plans (with credit card) are on the decline. Note that the average prices nonetheless evolve between 83.82 us dollars and 95.73 us dollars! Once again we recommend that you choose an online bank that will not impose this type of product on you and which, in any case, does not charge them ... Another good news: when you change bank, the closing of the account is now free. A good opportunity to go see the competition at once! Source: First report of the 2011 bank tariff observatory - CCSF
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According to the TNS Soffres institute, wealthy people (that is to say with financial assets exceeding 75,000 us dollars) partly blame the banks for the crisis for 88% of them, almost equally. with traders (91%) and rating agencies (87%). More worrying: 23% of these wealthy households have a degraded image of their own bank! They also criticize it for not offering sufficiently attractive savings products for 68% of them). Even with sufficient financial means, these households turn to very simple products, such as passbook accounts and savings accounts. Even life insurance seems to be losing its appeal following the government's latest austerity measures. While this "high-end" clientele benefits from so-called "privileged" treatment in their agency, the crisis of confidence therefore seems to really affect all categories of the population. Online banks have a bright future ahead of them!
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According to the TNS-Soffres / Cmv Médiforce study, healthcare professionals such as pharmacists, dentists and veterinarians no longer have patients who wish to defer medical care for financial reasons. In some cases, patients even seek to negotiate prices! The purchasing power being rather blocked (or in decline) the French are therefore in a logic of research of reduction of all the items of the budget including that of health that one believed spared ... When will a credit for pay for the consultation with the general practitioner? Source: Scan CMV Médiforce 2012
www.cmvmediforce.fr

A study by Crédit Logement CSA indicates that the production of mortgage loans is down by 13.7%. According to this study, it is in fact a drop in mortgage applications that is the cause. Crédit Logement, the central body guaranteeing housing loans, is at the heart of real estate transactions in France. It is therefore able to count housing loan requests accurately. The decrease of 13.7% applies to new loans granted in the third quarter of 2011, that is to say before the new austerity measures announced by the Fillon government. For Michel Mouillart, economist and head of the study, “the market began to seize up during the summer.” It seems that the French, in a generally gloomy context, are increasingly reluctant to take on long loans. and impacting on the budget. For their part, the banks, increasingly attacked to consolidate their own funds, are not very aggressive on the

BNP Paribas, Crédit Agricole, BPCE and Societe Generale considered as systemic banks. During the G20 a list of 29 "systemic" banks was communicated by the Financial Stability Council. These banks are considered sufficiently important to be a source of danger in the event of bankruptcy. Clearly, if one of these banks were to fail, the global economy would be destabilized. Among these 29 banks, 4 are French: BNP Paribas, Crédit Agricole, BPCE and Société Générale. These banks will have to obtain an own fund ratio of 1 to 2.5% higher than that of other banks, which is already at 7%. If this list gives new constraints to these banks, it is also a kind of recognition of the power of these establishments. These listed banks will be able to borrow on the markets at reduced rates ...

For each payment with your bank card, the merchant must pay a commission to your bank: this is the CIP, the Interbancaire de Paiement Commission. The Competition Authority asked the Groupement des Cartes Bancaires to reduce this commission from 0.47 to 0.30%. Despite the decrease, the percentage remains above the European average (0.24%). This will of course have no impact on the contribution of your bank card if you continue to pay it again!
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The new president of the ECB (European Central Bank) announced a 0.25 point cut in the key rate, bringing it to 1.25%. Unfortunately, as banks are currently trying to catch up with their margins, this will have little or no impact on the consumer credit rate ...

The positive file, which exists in several countries, is a national file which lists all the credits in progress for an individual. The principle is that a bank must query this file before granting a loan to find out the real indebtedness of an individual. The Lagarde laws passed in 2010 are being considered for the implementation of this file. Two polls confirm that the French are mostly for the creation of the positive file in France. A first from the FCD (Ifop) shows that 86% of French people approve the establishment of this file. A second from the Cresus association (CSA) indicates that 76% of French people in over-indebtedness are in favor of this new file. The positive file must therefore be quickly put in place, as indicated by the working group. Sources: - http://www.cresusalsace.org/index.php - http://www.fcd.asso.fr/