Background & Purpose

The consumer credit market has changed rapidly in recent years, leading to a growing risk of overindebtedness among individuals. Updated regulations are therefore needed to protect consumers from taking on unsustainable loans.

Proposals & Debate

The government proposed a comprehensive overhaul of the rules governing consumer loans, including stricter credit assessments before loans are approved. The proposal also introduces new marketing rules, interest and cost caps, and stricter demands on companies that issue or broker credits.

The Decision

Parliament approved the government's proposal, introducing a brand new consumer credit law and implementing an EU directive on consumer credits.

Does this affect you?

  • Borrowers and consumers: Gets stronger protection against overindebtedness, clearer loan information, and limits on interest rates and loan costs.
  • Credit providers and brokers: Must comply with new permit requirements, prove sufficient competence, and follow stricter rules for credit assessments.

In Practice

  • Kreditgivare måste göra mycket noggranna kreditprövningar för att säkerställa att låntagare har råd med sina lån.
  • Nya tak för räntor och kostnader införs för att skydda mot oskäliga lånevillkor.
  • Företag som ger eller förmedlar lån måste ansöka om tillstånd och uppfylla nya krav på kompetens.
  • Konsumenter får bättre information och tydligare regler för ångerrätt och marknadsföring av lån.