The Council of the EU adopts the new Consumer Credit Directive

On Monday 9 October, the Council of the EU adopted the final text of the new Consumer Credit Directive. This will repeal the current Directive 2008/48/EC of 23 April 2008 on credit agreements for consumers. The new Directive seeks to ensure a higher level of protection for consumers in the European Union and to promote the development of a single credit market.

This concludes the processing of the CCD, pending its publication in the OJEU.

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