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European Union: Issued Commission proposal for a Directive on consumer credits outlining consumer protection regulations

Policy overview

Description

Issued Commission proposal for a Directive on consumer credits outlining consumer protection regulations

On 30 June 2021, the European Commission presented a proposal for a Directive of the European Parliament and the Council on consumer credits to repeal and replace Directive 2008/48/EC on credit agreements for consumers. The aim of the proposal is to…

Scope

Policy Area
Consumer protection
Policy Instrument
User/subject right
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), other service provider
Implementation Level
supranational
Government Branch
executive
Government Body
central government

Complete timeline of this policy change

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2021-06-30
under deliberation

On 30 June 2021, the European Commission presented a proposal for a Directive of the European Parli…

2022-12-02
under deliberation

On 2 December 2022, the European Council and European Parliament reached a provisional agreement on…

2023-10-09
adopted

On 9 October 2023, the Council of the European Union adopted the Consumer Credit Directive, includi…

2023-11-19
in grace period

On 19 November 2023, the Consumer Credit Directive, including consumer protection measures, entered…

2026-11-20
in force

On 20 November 2026, the Consumer Credit Directive, including consumer protection measures, was imp…