The purpose of this article is to examine the problems underlying the Directive 97/5/EC on cross- border credit transfers, the history of the Directive3 and the key-issues dealt with in the Directive. Published in Consumer Law Journal CLJ April 1998, p. 7-20 1998Consum.L.J. Editor Center de Droit de la Consommation - publications 2, Place Montesquieu B-1348 Louvan-la-Neuve Belgium general editors Th. Bourgoignie G. Howell