Brussels:The European Commission has issued reasoned opinions to Cyprus and 15 other member states for not fully transposing the directive on consumer credit agreements into national law.
According to Cyprus News Agency, the Commission's action marks the second step in its infringement procedure against the countries, which also include Bulgaria, Czechia, Estonia, Ireland, Spain, France, Croatia, Latvia, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, and Slovenia. These states were required to integrate Directive EU 2023/2225 by November 20, 2025.
The directive is designed to enhance consumer protection within the credit market by ensuring fairness and transparency in credit transactions throughout the EU. The infringement process began in January 2026 when the Commission sent formal notices to 23 member states for failing to comply. Currently, the 16 aforementioned states have yet to notify the Commission of complete transposition.
These member states now have two months to respond and implement the necessary measures. Failure to do so may result in the Commission referring the cases to the Court of Justice of the European Union, where financial penalties could be imposed.