Thorben Klünder, Author at PAYMENT.TECHNOLOGY.LAW.

Buy Now Pay Later und der neue Anwendungsbereich des Verbraucherdarlehensrechts The implementation deadline for CCD2 is approaching – and consumer credit law will soon apply to BNPL models

9 minute read

The implementation deadline for CCD2 is approaching – and consumer credit law will soon apply to BNPL models

byDr. Florian Lörsch,Thorben Klünder
20. November 2025

Buy Now, Pay Later (BNPL) has evolved from a simple payment method into a major financing tool in e-commerce—and is now under regulatory scrutiny. The Second Consumer Credit Directive and its implementation in Germany expand the scope of consumer credit law significantly. This article explains which BNPL models will fall under consumer credit rules in the future and where lawmakers draw the line.

FFinTech

8 minute read

Warning! Borrowing money costs money!

byChristopher Gretsch,Thorben Klünder
14. October 2025

Digitalisation has radically transformed consumer lending. What used to be called hire purchase is now marketed as “Buy Now Pay Later” – and it’s booming, especially for smaller purchases. But with its widespread use come new risks. Lawmakers are now planning to take action.

FFinTech

3 minute read

Buy Now Pay Later – Overview of the Legal Framework

byThorben Klünder,Dr. Florian Lörsch
3. July 2025

Spontaneous purchases, deferred payments – Buy Now Pay Later (BNPL) is a hallmark of modern consumer behaviour that prioritises flexibility. Once a familiar feature of mail-order catalogues, the model has evolved with the rise of e-commerce across Europe. Yet behind the seemingly simple concept lies a complex regulatory landscape that warrants closer scrutiny.