The Swedish Financial Supervisory Authority has dismissed the case regarding Collector Bank’s credit assessment
On 9 February 2022, Collector Bank AB (“Collector Bank” or “the Bank”) informed that the Swedish Financial Supervisory Authority (“SFSA”) had requested an opinion from the Bank as a continuation of the previously initiated open theme investigation regarding credit assessments of consumer credits, including Collector Bank and a number of other players on the Swedish consumer lending market.The SFSA has decided to dismiss the case without further action. The decision states that the Bank to a high extent has taken measures to correct the, according to the SFSA, historical shortcomings.–