Portugal

Consumer credit sector alerts to uncertainty with delayed transposition of Directive

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 20/10/2026, 13:41:24 UTC.

Briefings

Portuguese credit unions warn of potential investment losses due to the delayed transposition of the EU Directive CCD II into national law. The ASFAC director warns that the new regime, effective November 2025, will expand credit limits to 100,000 euros and include services like Buy Now Pay Later, yet the process remains stalled. The directive was supposed to be transposed by November last year, but the Ministry of Economy and the DG of the Consumer have not provided a timeline, risking consumer protection and attracting foreign investment. The ASFAC represents nearly 70% of the Portuguese credit market.

Key points

• The ASFAC director warns that the delayed transposition of the EU Directive CCD II into national law could lead to foreign investment loss in Portugal.
• The new regime expands credit limits to 100,000 euros and includes services like Buy Now Pay Later, which were previously excluded.

Context

The ASFAC represents nearly 70% of the Portuguese credit market. The EU Directive CCD II was intended to be transposed by November last year to strengthen consumer protection, but the process has stalled, with the Ministry of Economy and the DG of the Consumer not providing a timeline.

Limitations

The evidence is limited to a single statement from the ASFAC director regarding the delay and potential investment risks. The specific timeline for the Ministry's action remains unknown, and the article does not provide further details on the current legislative status or the impact of the delay on the national market.

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