A new Consumer Credit Act came into effect on 1 January 2011 

January, 2011 - Delphi's Banking and Finance Group

A new Consumer Credit Act (Sw. Konsumentkreditlagen (2010:1846)) came into effect on 1 January 2011. The Act implements the Consumer Credit Directive (Directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008 on credit agreements for consumers and repealing Council Directive 87/102/EEC). The Directive’s purpose is to enhance consumer protection by addressing some of the indebtedness problems caused by text message loans (Sw. sms-lån) and other so called fast loans (Sw. snabblån).

To access the complete article, please use the link below.

http://www.delphi.se/filearchive/5/5001/NL-BaFi-consumer-credit-act-3.pdf?seed=979631364

 

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