Revision of Directive 2008/48/EC on credit agreements for consumers

Briefing 30-06-2021

Directive 2008/48/EC on credit agreement for consumers (the CCD) is part of the legal framework tackling consumer protection and the development of the internal market. Despite improvements in enforcing consumer protection policy, there are shortcomings in particular regarding the scope of application of the directive and the uneven regulatory choices made in the 27 EU Member States for implementing it. Moreover, there are new challenges – such as digitalisation and data collection, use and processing – that require immediate attention. This implementation appraisal looks at the practical implementation of the CCD in light of the expected Commission proposal for its revision. According to the Commission work programme 2021, the proposal will be submitted in the second quarter of 2021, after having been initially part of the 2020 refit programme (see Legislative Train Schedule, EPRS).