Gesetz zur Umsetzung der Verbraucherkreditrichtlinie, des zivilrechtlichen Teils der Zahlungsdiensterichtlinie sowie zur Neuordnung der Vorschriften über das Widerrufs- und Rückgaberecht

This German law implements key EU directives regarding consumer credit and payment services. It also aims to modernize and reorganize rules concerning the right of withdrawal and the right to return goods, ensuring consistent consumer protections across the single market. Consumers in Germany will benefit from updated rules on credit agreements and payment transactions. Businesses must adapt their processes to comply with the new standards for consumer rights, specifically regarding how customers can cancel contracts or return products.