Resurs
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After two court instances issued conflicting rulings on the Swedish Financial Supervisory Authority's (Finansinspektionen) remark and administrative fine, Resurs has now decided to appeal the Administrative Court of Appeal's judgment and seek leave to appeal to the Supreme Administrative Court to clarify the legal position.
In June 2022, Finansinspektionen issued Resurs Bank with a remark and imposed an administrative fine of SEK 50 million on the basis that Finansinspektionen did not consider that Resurs had complied with the Swedish Consumer Credit Act.
Whilst Resurs took measures to fully comply with the requirements imposed by Finansinspektionen, Resurs decided to appeal the decision to the Administrative Court in order to clarify the application of the Consumer Credit Act.
In November 2023, the Administrative Court ruled that Resurs' credit assessment process was in compliance with the Consumer Credit Act, thereby overturning Finansinspektionen’s decision.
Finansinspektionen decided to appeal the judgment to the Administrative Court of Appeal in Stockholm, which ruled on 7 June that it would uphold Finansinspektionen's appeal.
Since two court instances have issued conflicting rulings in the case and in order to clarify the application of the Consumer Credit Act, Resurs has now decided to seek leave to appeal to the Supreme Administrative Court.
CONTACT INFORMATION
Magnus Fredin, CEO Resurs Bank and CEO Resurs Holding.
Can be reached through press contact Måns Renntun, +46 70-984 96 20, mans.renntun@resurs.se
| Datum | 2024-06-26, kl 16:00 |
| Källa | MFN |