New German Data Protection and Financial Regulations Tighten Credit Assessments for Buy Now Pay Later Micro-Loans
Starting November twentieth, digital consumer finance providers and buy-now-pay-later platforms in Germany must enforce stricter creditworthiness assessments for micro-loans and installment purchases under two hundred euros. The regulatory intervention by lawmakers and federal financial watchdogs aims to curb household over-indebtedness and mitigate risks associated with online retail credit.