“Crucial to ensure adequate information and protection” – EU’s Didier Reynders on new consumer credit rules

EU updates rules in move to protect citizens from online debt.

The updated consumer credit directive will make sure consumers have easy access to necessary information, and be informed about the total cost of the credit. It covers areas including buy-now-pay-later schemes and short-term high-cost loans, following the Commission’s proposal in June 2021. The new legislation

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