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EU Second Consumer Credit Directive: Scope and impact for buy-now pay-later (BNPL) providers

Among the changes introduced by the Second Consumer Credit Directive ((EU) 2023/2225) (CCD II) is an expansion of the scope of the current consumer credit regime under Directive 2008/48/EC...

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The Payments Newsletter including Digital Assets & Blockchain, July 2024

Key developments of interest over the last month include: the Bank of Italy’s communication on unauthorised payment transactions; the Reserve Bank of Australia’s announcement of ...

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The Payments Newsletter including Digital Assets & Blockchain, June 2024

Key developments of interest over the last month include: the European Banking Authority’s publication of a report on virtual IBANs; HM Treasury’s designation of banks under the ...

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The Payments Newsletter including Digital Assets & Blockchain, May 2024

Key developments of interest over the last month include: the EU Parliament’s adoption of amended PSD3 and PSR texts; a Bank of England speech on payments innovation signalling more...

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PSD3: European Parliament adopts amended PSD3 and PSR texts at first reading

On 23 April 2024, the European Parliament announced its adoption at first reading of amended texts of the European Commission’s June 2023 legislative proposals for a Directive on...

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The Payments Newsletter including Digital Assets & Blockchain, April 2024

Key developments of interest over the last month include: the EU’s regulation on instant credit transfers in euro coming into force; the Bank for International Settlements (BIS)...

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The Payments Newsletter including Digital Assets & Blockchain, March 2024

Key developments of interest over the last month include: the UK government publishing draft legislation on payment service contract termination rule changes; the Central Bank of Ireland...

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The Payments Newsletter including Digital Assets & Blockchain, February 2024

Key developments of interest over the last month include: the European Parliament’s ECON Committee adopting draft reports on the European Commission’s PSR and PSD3 legislative...

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Payment services versus e-money issuance: Court of Justice of EU clarifies regulatory border

A recent Court of Justice of the European Union (ECJ) judgment has considered where the boundary lies between regulated payment services and e-money issuance.

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