Overview

• The proposal implements an EU consumer-rights update and would require an easily found online function to revoke contracts.
• The button must be clearly labeled such as "Vertrag widerrufen," prominently placed, and available throughout the 14-day cooling-off period.
• The obligation would cover online contracts for goods, services and financial services.
• Financial providers would need to offer clearer product explanations and give customers the option to request direct personal contact before signing.
• The effective date is not settled, with some reports citing mid-December 2025 and others indicating a later timeline.