Gernandt & Danielsson has successfully represented MoneyGo in a case against the Swedish Consumer Agency regarding penalty fees pursuant to the Consumer Credit Act
The Swedish Consumer Agency decided on 30 September 2022 to issue a warning against MoneyGo AB together with a maximum penalty fee of SEK 10 million for alleged infringements of the Consumer Credit Act. According to the Consumer Agency, MoneyGo had not obtained sufficient information about consumers financial situation and its creditworthiness assessment was therefore insufficient. The Administra