European Union: Consumer Credit

Den 20 november 2026 träder nya tillståndsregler i kraft som kan påverka företag som erbjuder betalningsanstånd eller förmedlar konsumentkrediter. Även butiker, e-handlare och tjänsteföretag som normalt inte betraktar sig som kreditaktörer kan behöva tillstånd från Finansinspektionen beroende på hur deras betalningslösningar är konstruerade.

Germany is implementing a stricter licensing regime for consumer credit brokers starting November 2026, requiring proof of expertise and prohibiting sales-based compensation. The new rules expand requirements for intermediaries while exempting small and medium-sized enterprises that finance their own sales, fundamentally reshaping how credit brokerage operates in the German market.

This comprehensive update examines recent European and French regulatory developments in banking supervision, consumer credit protection, and financial markets, including the EBA's revised SREP Guidelines, France's transposition of CRD6, and significant reforms to payment procedures and consumer protection mechanisms. The analysis covers new prudential requirements for ESG risk management, enhanced authentication obligations for payment transactions, and legislative changes affecting tax credits for green i

In May 2025, the FSMA and FPS Economy jointly issued an extensive practical guide on cross-selling practices which include at least one insurance product (the " Guide"). The Guide also includes an FAQ.

The act to implement the revised Consumer Credit Directive (the Implementation Act) was published on 12 November 2025 and is currently before the Council of State for advice.

There were several important legislative changes which were published over the course of November 2025. Below is an overview of the key updates across different areas.

Litigation Funding Comparative Guide for the jurisdiction of Sweden, check out our comparative guides section to compare across multiple countries

The Positive Credit Register is a new register that collects information on private individuals' credit and income in one place.

A 2020 review of the Consumer Credit Directive (2008/48/EC) ("CCD I") by the European Commission (EC) found that CCD I has been only partially effective in ensuring a high level of consumer protection.