Correction of errors in European consumer credit regulations
22 Sep 2026102 views
Who is affected:
Financial entities, lenders, banks and consumers who subscribe to credit agreements
Summary
Technical errors in the European directive regulating loans and credit to consumers are corrected. It affects the regulation that replaced the previous 2008 consumer credit law.
Detailed analysis
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This error correction affects Directive (EU) 2023/2225 on consumer credit contracts, which modernized the European regulatory framework by repealing Directive 2008/48/CE. The original directive establishes transparency obligations, pre-contractual information requirements and creditworthiness assessment for financial e…
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