Housing
Brussels gives Portugal two months to transpose credit agreement directive
The European Commission has issued a reasoned opinion to Portugal and 15 other member states for failing to fully transpose a 2023 directive aimed at ensuring transparency and equity in credit agreements, which was due by November 20, 2025. Additionally, Portugal received a second reasoned opinion for failing to transpose the Sixth Capital Requirements Directive, which updates banking prudential rules. Portugal has two months to adopt the necessary measures for both directives or risk referral to the Court of Justice of the EU and potential financial sanctions.
Why it matters
This is an ongoing administrative procedure; while you do not need to act today, these directives are intended to improve consumer protection and financial stability for credit services, so their eventual adoption will strengthen your legal rights as a consumer in the credit market.Correio da ManhãRead original ↗
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