In early March, the president of the Office for Competition and Consumer Protection in Poland presented a draft of a new consumer credit law, intended to align with the EU's CCD II directive and regulate the consumer credit market. However, the current version of this draft includes a provision that could have far-reaching effects beyond the regulation of consumer credit itself, as it may strengthen the monopoly of one institution at the expense of the entire system of economic information exchange in Poland.

The contentious proposal seeks to extend the obligation to report consumer credit data to the Credit Information Bureau (BIK) to also include entities that acquire receivables from such credits, known as secondary creditors. These are typically companies that purchase portfolios of outstanding debts and subsequently pursue recovery. By restricting comprehensive access to this information to a singular entity, critics argue that the law could undermine competition, stifle innovation in debt recovery processes, and ultimately harm consumers in the long run.

The implications of this proposed regulation could be significant as it raises questions about access to critical financial information and the potential establishment of a monopoly within the consumer credit sector. Stakeholders, including alternative creditors and consumer advocates, are likely to express concerns over the proposed changes, fearing a reduction in transparency and consumer choice, making it imperative for ongoing discussions to assess the law's potential impact on the marketplace and consumer rights in Poland.