CCD2 Explained: What Lenders, BNPL Providers, and Fintech Companies Need to Know

CCD2 expands the regulatory perimeter for consumer credit significantly, and raises the bar on how creditworthiness assessments must be conducted and documented. This FAQ covers the questions we hear most often, from which lenders are affected and what BNPL providers need to do, to how open banking data supports compliant affordability assessments and what good data infrastructure looks like in practice.