European Union: New Directive on Credit Agreements Strengthens Consumer Credit Protection

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12/28/2023 05:04 PM EST

On November 19, 2023, Directive (EU) 2023/2225 (Consumer Credit Directive II, CCD II) entered into force. The CCD II revises the rules on consumer credit agreements set out in Directive 2008/48/EC (Consumer Credit Directive, CCD I) to enhance consumer protection and align them with the latest advancements in digital transformation.Unlike regulations, which are generally binding …


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