Author: Cristina Reichmann

Romania adopts new rules for authorisation of credit servicers with implementation of Directive (EU) 2021/2167 on credit servicers and credit purchasers

Cristina Reichmann

On 7 March 2024, Romania published Emergency Government Ordinance no. 15/2024 on credit servicers and credit purchasers (also known as the NPL Ordinance) in the Official Gazette, which implemented Directive (EU) 2021/2167 of the European Parliament and of the Council… Read moreRomania adopts new rules for authorisation of credit servicers with implementation of Directive (EU) 2021/2167 on credit servicers and credit purchasers

The European Union created a uniform regime for credit purchasers and credit servicers of non-performing loans

Cristina Reichmann

Introduction On 8 December 2021, Directive (EU) 2021/2167 of the European Parliament and of the Council of 24 November 2021 on credit servicers and credit purchasers, and amending Directives 2008/48/EC and 2014/17/EU (the Directive) was published in the Official Journal… Read moreThe European Union created a uniform regime for credit purchasers and credit servicers of non-performing loans