Showing posts with label financial consumer law. Show all posts
Showing posts with label financial consumer law. Show all posts
Friday, 26 June 2026

Access to basic payment accounts and a duty to prevent money laundering - the CJEU in C-81/24 Jenec

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Earlier this month, the CJEU delivered a judgment in C-81/24 LH v OTP Banka d.d., the case known as 'Jenec'. This is the first case ...
Wednesday, 10 September 2025

Financial inlcusion and access to payment accounts with basic features: the current state of play in the EU

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Financial inclusion, or access to affordable and useful financial services, is essential for our modern-day living. Access to payment accoun...
Saturday, 15 March 2025

Information duties in consumer credit: the CJEU in C-677/23

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At the end of January, the CJEU delivered another judgment interpreting Directive 2008/48 on Consumer Credit. In  C-677/23 A. B., F. B. v Sl...
Wednesday, 5 March 2025

Artificial intelligence in financial services - new report by Finance Watch

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Today, Finance Watch, a non-profit association dedicated to reforming finance in the interest of European citizens, published a new report: ...
Friday, 10 May 2024

Reversed burden of proof under strict conditions to exercise early repayment rights of consumer credit- the CJEU in C-326/22

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Case  C-326/22 Z    arose regarding   Article 16(1) of Directive 2008/48/EC   on consumer credit and the right to early loan repayment, whic...
Thursday, 9 May 2024

Financial services concluded at a distance in digital age - the new Directive 2023/2673

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In 2023, European lawmakers were busy improving the protection of consumers in financial services. In addition to the new Directive 2023/222...
Monday, 6 November 2023

What will the new Directive 2023/2225 on consumer credit bring to consumers?

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Last week the new  Directive (EU) 2023/2225  on consumer credits (new Directive) was published in the official journal. The new Directive co...
Thursday, 19 October 2023

New EU Commission study on consumer over-indebtedness

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At the end of September, the EU Commission published a new, comprehensive, and timely Study on European consumers' over-indebtedness and...
Tuesday, 26 April 2022

New clarifications on information rules in the Consumer Credit Directive: the CJEU in Volkswagen Bank

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In September 2021 the CJEU delivered an important judgment on the interpretation of the creditor's duty to inform and the associated con...
Wednesday, 20 October 2021

Rights of third party guarantors in payment services transactions - the CJEU in C-337/20 CRCAM

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Last month the CJEU delivered another judgment on the interpretation of payment services rules. Case C-337/20 DM, LR v Casisse régionale de ...
Monday, 13 September 2021

Interest free loans: why should they be regulated?

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In recent days an increasingly popular high-cost short-term credit called 'buy now pay later' (BNPL) is frequently in the news headl...
Wednesday, 8 September 2021

A new era in consumer credit law? The Commission's proposal on the new Directive on Consumer Credits

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This summer might prove significant for improving the financial well-being of European consumers. On 30 June 2021 the EU Commission presente...
Wednesday, 30 June 2021

Sanctions for breaching national rules on consumer credit: the CJEU in C-303/20

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Earlier this month the CJEU delivered another judgment on the interpretation of Directive 2008/48/EC on Consumer Credit Agreements. In C-303...
Sunday, 6 June 2021

Towards an EU financial competence framework: will it work?

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Following a recent study of FISMA on the development of a financial competence framework for the EU, in April 2021 the EU Commission (DG FI...
Thursday, 1 April 2021

From Open Banking to Open Finance? UK developments

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Following the possibility provided by PSD2 of opening up banking data for third-party access, the UK's Competition and Markets Authority...