Negotiators from the European Parliament and the EU Council reached a provisional political agreement in the early hours of Friday 2 December on the new Directive on credit agreements in the digital age, which updates and repeals the outdated consumer credit Directive 2008/48/EC.
Proposed in June 2021, this legislation aims to update the rules to take account of the increasing digitalisation of a market where new operators and risky online credits have emerged, to prevent over-indebtedness...