CJEU Rules On Transparency Requirements In Consumer Credit Agreements

On 13 February 2025, the Court of Justice of the European Union (the "CJEU") delivered a preliminary ruling in the case C-472/23 in the names Lexitor sp. z o.o. v A. B.S.A, clarifying certain scenarios where lenders may be deemed to be in breach of their obligations to provide consumers with the information set out in Article 10(2)(g) and Article 10(2)(k) of Directive 2008/48/EC (the "Consumer Credit Directive" or the "CCD").

It is worth noting that, on 9 October 2023, the European Council adopted a revised Consumer Credit Directive ("CCD II") which forms part of the European Commission's 'New Consumer Agenda' and which supersedes the CCD. Member States have until 20 November 2025 to transpose CCD II, with the relative national measures to apply from 20 November 2026. Nevertheless, the principles elucidated in this judgement will continue to be pertinent for creditors even after the coming into force of CCD II.