On 18 October 2023, the EU adopted the long-awaited New Consumer Credit Directive. This directive will replace the 2008 Consumer Credit Directive which has been criticized for two main reasons. First, the infor
In this article the author discusses the implications of the move to incorporate the European Union Consumer Credit Directive into the British law. The author explains that the changes to the d...
Following years of negotiations, EU member states found an agreement to amend the consumer-credit Directive, harmonising credit rules across the Union and allowing consumers to choose the best deal. The EU agreed to harmonise the €800 billion consumer-credit market on 21 May 2007, allowing ...
The European Commission is expanding the scope of its Consumer Credit Directive to include new types of loans, and BNPL products are among them. If these new rules are approved, BNPL providers will need to observe more...
If your business is based in the EU or targeted towards EU citizens, you're required to comply with the EU Cookies Directive. Being compliant with this directive means that you must notify your site's visitors of your use of cookies...
Directive amends the EU’s Consumer Rights Directive and Unfair Commercial Practice Directive. By defining which B2C communications should be banned or considered misleading, the Directive will provide greater clarity on how companies can market their environmental performance. Once the rules enter into ...
Considering this, on 30 October 2023, the European Union adopted a new Consumer Credit Directive (CCD 2),Footnote 77 where one of the main novelties of the directive is the assessment of consumer creditworthiness using automated data processing with artificial intelligence that invests the borrowers ...
Directive on consumer rights (distance selling regulations) For online business-to-consumer sales, the following rules apply: Ecommerce sellers may not steer customers into buying add-on products or services through pre-ticked boxes or similar means; ...
Markets perform better when consumers feel more confident. For instance, low consumer trust in financial services was at the origin of theConsumer Credit Directive. Now that this piece of legislation is in place, we observe a growing trust in this sector. Consumers report difficulties when dealing...
Better consumer protection regulation:this priority includes the Review of the Consumer Acquis (see separate Communication Plan), the review of the Timeshare Directive, the proposal for a new consumer credit Directive, and reporting on the Directive on distance marketing of consumer financial services....