EU consumer-credit rules subject to new political deal
( December 2, 2022, 11:32 GMT | Official Statement) -- MLex Summary: EU lawmakers and member countries this morning agreed a political deal on revamped consumer-credit rules. The deal includes a requirement for consumers to have easy access to all necessary information and to be informed of the cost of credit before signing a credit agreement, and for lenders to assess each consumer’s creditworthiness. The new rules will also apply to certain risky loans not covered by existing rules, including those through crowdfunding and buy-now-pay-later schemes.Statement follows....
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