On October 17, 2024, the Court of Justice of the European Union (CJEU) issued an important ruling in the case of Riverty GmbH v MI (Case C-409/23), which centered around the qualification of the popular buy-now-pay-later (BNPL) schemes under European Union consumer credit law. This case provides clarity on the interpretation of Directive 2008/48/EC, also known as the Consumer Credit Directive, which regulates credit agreements for consumers in the EU....

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