LATEST ARTICLES
Australia
K&L Gates
On 12 March 2024, the Australian Treasury released for consultation an exposure draft legislative package that proposes to amend the current regulatory framework to regulate low cost credit contracts (LCCCs), including Buy Now Pay Later (BNPL) arrangements and other types of credit contracts.
Matthews Folbigg Lawyers
The AICM goal is to help members, partners, government, and other related bodies to succeed in credit-related matters.
Sophie Grace Pty Ltd
ASIC has issued Consultation Paper 371, proposing an extension of the Credit PI Orders until 1 October 2032.
Belgium
Liedekerke Wolters Waelbroeck Kirkpatrick
Please find attached the monitoring report for the period 1 to 31 October 2023. This report aims to provide you with a summary analysis of the potential impact of new developments on your business.
Canada
Kane Shannon Weiler
The federal government intends to lower the criminal interest rate from 60% effective annual rate (EAR) to 35% annual percentage rate (APR), which equals about 42% EAR...
Miller Thomson LLP
In Quebec, the Consumer Protection Act (the "CPA") governs contracts for goods or services entered into between consumers and merchants in the course of their business.
Germany
PwC Legal Germany
Directive 2023/2225 on credit agreements for consumers and repealing the Consumer Credit Directive (2008/48/EC) (referred to herein as CCD 2.0)...
India
Vaish Associates Advocates
We are pleased to share with you the link to our newsletter "Legalaxy" for November 2023, providing updates on the recent and relevant legal developments in India.
RBI's New Risk Weight Framework: Implications On Consumer Finance And Bank Lending To NBFCs In India
AK & Partners
The Reserve Bank of India ("RBI"), vide its notification titled ‘Regulatory measures towards consumer credit and bank credit to NBFCs'
KLA Legal
Litigation Funding Comparative Guide for the jurisdiction of India, check out our comparative guides section to compare across multiple countries
Italy
FIVELEX Studio Legale e Tributario
Corte di Cassazione, 6 settembre 2023, n. 1951 – rimborso anticipato dei costi sostenuti dal consumatore in caso di estinzione anticipata del finanziamento: in tema di estinzione anticipata del finanziamento, l'art. 125 del TUB, ...
Liechtenstein
Gasser Partner Rechtsanwälte
Litigation Funding Comparative Guide for the jurisdiction of Liechtenstein, check out our comparative guides section to compare across multiple countries
Luxembourg
ELVINGER HOSS PRUSSEN, société anonyme
Strengthening consumer protection in financial services remains a key topic on the EU legislative agenda. Through Directive (EU) 2023/2225 of 18 October 2023 on credit agreements for consumers...
Malta
Finance Malta
On the 19 February 2024, the MFSA issued a consultation on a proposed "Conduct of Business Rulebook for Credit Institutions" (the "Conduct Rulebook")...
Ganado Advocates
Amendments to the Consumer Credit Regulations, S.L. 378.12 (the "Consumer Credit Regulations") and to the Credit Agreements for Consumers Relating to Residential Immovable Property, S.L. 378.10...
Ganado Advocates
Personal loans and overdrafts, credit cards and short-term credit products are amongst the commonest consumer lending products offered by banks and financial institutions to satisfy a variety of consumer needs.
Portugal
Uria Menendez
Litigation Funding Comparative Guide for the jurisdiction of Portugal, check out our comparative guides section to compare across multiple countries
Scotland
Shepherd and Wedderburn LLP
The Moveable Transactions (Scotland) Act 2023 is going to change the way that individuals and unincorporated organisations can pledge their assets.
Sweden
Lindahl
The Administrative Court in Stockholm has today announced that it has annulled the Swedish Financial Supervisory Authority's decision to issue observations...
Lindahl
On 3 July 2023, the report on enhanced consumer protection against risky lending and over-indebtedness (SOU 2023:38)...
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The Turkish Competition Authority Publishes Its Final Report On Its E-marketplace Sector Inquiry
ELIG Gürkaynak Attorneys-at-Law
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ELIG Gürkaynak Attorneys-at-Law
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