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10 things you need to know about the EU consumer credit overhaul

Photo illustration the Visa, Mastercard and American Express logos are seen on credit and debit cards on November 5, 2023
Photo: Matt Cardy/Getty Images

At the EU level, there are changes on the horizon in relation to the Consumer Credit framework.

In June 2021, the European Commission published a proposed Directive to revise and replace the Consumer Credit Directive (CCD II). In May 2022, the European Commission published a proposal for a Directive repealing the Distance Marketing Directive and transferring the rules to the Consumer Rights Directive.

The CCD II and DMD II

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