European Union: Reached Council and Parliament agreement Directive on consumer credit outlining consumer protection regulations
Description
Reached Council and Parliament agreement Directive on consumer credit outlining consumer protection regulations
On 2 December 2022, the European Council and European Parliament reached a provisional agreement on a new Directive that repeals and replaces the 2008 directive on consumer credit agreements. The new Directive offers protection at the European level…
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
legislature
Government Body
parliament
Complete timeline of this policy change
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2021-06-30
under deliberation
2022-12-02
under deliberation
2023-10-09
adopted
2023-11-19
in grace period