Fee and contract amendment clauses in banks’ GTCs invalid
In its ruling of 27 April 2021, the German Federal Court of Justice (“BGH”) declared fee and contract…
MiCAR – Europe-wide regulation of the crypto space
With the proposal for the “Markets in Crypto-Assets Regulation” (“MiCAR”) a uniform, Europe-wide regulation of crypto-assets is now…
Payment by SEPA basic direct debit | FinTech online course #8
15The SEPA Core Direct Debit is a popular payment method. In contrast to a credit transfer, the creditor…
What is a financial instrument? | FinTech online course #14
Today we want to take a closer look at the legal concept of a financial instrument and its…
Financial services relating to the distribution of financial instruments | FinTech online course #15
Today, we want to look at several financial services that may be eligible in connection with the distribution…
Direct debits are dead. Long live direct debits! – What the CJEU ruling regarding direct debits means for online merchants
In a recent extraordinary ruling, the CJEU decided that merchants are not allowed to only offer the possibility…
Crypto tokens: BaFin provides details on administrative practice
On 16 August 2019 the German Federal Financial Supervisory Authority (BaFin) published a new guidance note regarding crypto…
News about IBAN discrimination
Just as the excitement around strong customer authentication for online SEPA direct debits was beginning to settle, direct…
Crypto values: new regulation for Bitcoin & co.
On 20 May 2019, the German Federal Ministry of Finance (BMF) presented its draft bill on the implementation…
How does a credit card payment work?
Credit cards are becoming a popular method of payment in Germany. Approximately five percent of the turnover from…