The long-awaited full text of the draft of the new Consumer Credit Act has been published. On 7 July 2025, it was submitted for consultation and therefore is likely not yet the final version of the act. The proposed amendment aims, inter alia, to implement into the Polish legal order Directive (EU) 2023/2225 of the […]
Information has appeared on the website of the Government Legislative Centre regarding work on the draft act concerning the crypto-asset market.
The website of the Chancellery of the Prime Minister published information about work on a draft act on consumer credit and an amendment to the Consumer Rights Act. Adoption of the draft by the Council of Ministers is planned for the second quarter of 2025. In the article below, we discuss the main assumptions of the draft regarding the Consumer Credit Act.
On Monday, 13 January 2025, the list of the government’s legislative and programmatic work published information on the assumptions of the draft Act on Consumer Credit and the amendment to the Consumer Rights Act.
On 31 December 2024, the Polish Financial Supervision Authority (UKNF) published its position regarding the application by financial entities of the DORA Regulation. Despite the lack of provisions ensuring the application of the DORA Regulation, it should not be assumed that the obligation of financial entities to comply with the requirements arising from the aforementioned regulation – which will become applicable as of 17 January 2025 – is suspended.
Just before Christmas, the Sejm adopted the Act on Credit Servicers and Credit Purchasers, which aligns Polish law with the EU Directive on credit servicers and credit purchasers (NPL Directive). In this article, we discuss what changes await lenders.