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Consumers could be fully reimbursed if they become a victim of an impersonation scam according to a vote in the European Parliament’s ECON Committee today.
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Consumers will get much-needed extra protection when taking out credit (as of 2025), with the European Parliament giving its final stamp of approval to the Consumer Credit Directive today.
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The European Commission published an ambitious package of measures today that have the potential to improve consumer conditions in payments and digitalised financial services. There are proposals on a digital Euro (while maintaining access to cash), steps to tackle payment fraud and on protecting consumers’ data in Open Finance.