Overview

• Banks must give account holders at least two months’ notice before withdrawing overdraft rights.
• Lenders are obliged to propose 12 equal monthly repayments at the contract rate before initiating any forced collection.
• Protections will now apply to interest-free mini-loans and buy-now-pay-later models under €200 with clear information sheets.
• The draft bars using health data and other sensitive personal information in creditworthiness assessments.
• The bill does not impose caps on overdraft interest rates, citing risks of overregulation and restricted access.