Estonia's Financial Supervision Authority issued a precept to AS Inbank Finance (registry code 16197915) after identifying deficiencies in the firm’s internal rules for assessing consumer creditworthiness and granting consumer credit. The authority required the shortcomings to be remedied by mid-December 2025. The inspection assessed the methodology used to evaluate creditworthiness and whether it was applied in line with the governing law, and also reviewed how the creditor collected consumer information and issued credit. The authority found that the internal rules for creditworthiness assessment did not fully comply with the Creditors and Credit Intermediaries Act and that there were shortcomings in the assessment of consumers’ credit capacity. The precept may be appealed to the Tallinn Administrative Court within 30 days of notification. The authority also noted it can publish the content of precepts on its website, including the type and scope of breaches, details of the person responsible, and information on appeals or withdrawals.
Finantsinspektsioon 2025-10-14
Estonia's Financial Supervision Authority issues precept to AS Inbank Finance over consumer creditworthiness assessment deficiencies
Estonia's Financial Supervision Authority issued a precept to AS Inbank Finance for deficiencies in its internal rules for assessing consumer creditworthiness and granting credit, which did not fully comply with the Creditors and Credit Intermediaries Act. The firm is required to address these shortcomings by mid-December 2025. The precept can be appealed to the Tallinn Administrative Court within 30 days.