The Swedish Financial Supervisory Authority (Finansinspektionen, FI) has opened a supervisory investigation into Moank to assess whether the bank’s creditworthiness assessments were adequate when granting consumer loans. The review focuses on whether Moank assessed individual borrowers’ ability to repay and ensured they could maintain a reasonable living standard after the loan is granted. FI will also examine whether any deficiencies are systemic and whether specific shortcomings arise in cases where Moank used credit intermediaries. The action forms part of FI’s wider prioritisation of supervision of credit assessments: since autumn 2023 it has started several investigations into so-called quick-loan firms, including five entities authorised under the Act on Certain Operations with Consumer Credits (2014:275), three of which are credit market companies, against a backdrop of rising consumer borrowing and growing debt problems.
Finansinspektionen 2025-06-05
Swedish Financial Supervisory Authority opens investigation into Moank’s consumer creditworthiness assessments and use of credit intermediaries
The Swedish Financial Supervisory Authority (Finansinspektionen, FI) has launched an investigation into Moank to evaluate its creditworthiness assessments for consumer loans. The investigation will determine if Moank properly assessed borrowers' repayment ability and living standards post-loan, and whether any deficiencies are systemic, particularly involving credit intermediaries. This action is part of FI's broader focus on credit assessment supervision amid increasing consumer borrowing and debt issues.