Knowledge Base Regulation Tracker Standards & Frameworks OSS Directory AI Incident Database Research Paper Library Case Studies Society Articles News Jobs About Charter Sign inBecome a Member
Home/Regulation Tracker/Directive (EU) 2023/2225 (CCD2) — automated creditworthiness assessment

Directive (EU) 2023/2225 (CCD2) — automated creditworthiness assessment

The revised EU consumer credit directive, applicable from November 2026, gives borrowers a statutory right to human review and explanation of automated credit decisions and bans the use of social-media data in creditworthiness assessment.

consumer creditautomated decisionsexplanation

Required actions

  • Article 18: consumers subject to automated creditworthiness assessment have the right to human intervention, a meaningful explanation of the logic and the data used, and to contest the decision - Assessments may not rely on social-media data; credit decisions must be based on relevant, accurate information

Sources

Contribute

Spot an error, or know a record we should add? Members can propose additions and submit corrections.