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New EU Bill Aims to Shield Consumers from Misleading Loan Practices · Cyprus Report

Economy · Greece

New EU Bill Aims to Shield Consumers from Misleading Loan Practices

1 sourceFirst reported 1 month agoUpdated 1 month ago

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A new bill has been proposed to protect consumers from misleading advertising related to loans.
The bill incorporates European Directive 2023/2225 into Greek law, affecting loans from November 20 onwards.
It mandates that loan advertisements clearly state the costs and terms of lending.
The bill prohibits false claims about improving financial situations through credit and bans greenwashing practices.

Generated by AI from the 1 sources below · always verify with the originals

AI summary: catch up in 20 seconds

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AI summary: catch up in 20 seconds

A new bill has been proposed to protect consumers from misleading advertising related to loans.
The bill incorporates European Directive 2023/2225 into Greek law, affecting loans from November 20 onwards.
It mandates that loan advertisements clearly state the costs and terms of lending.
The bill prohibits false claims about improving financial situations through credit and bans greenwashing practices.

Generated by AI from the 1 sources below · always verify with the originals