Consumer debt problems and the image of the consumer in Swedish consumer credit regulation

• In 2018, the Swedish Consumer Credit Act introduced new rules aimed at reducing the number of unpaid high-cost credits. These rules, taking into consideration potential behavioral weaknesses, are based on a modernized and potentially more accurate image of the consumer borrower than the traditional one of an active, responsible and rational borrower. The introduction of new rules for instant loans reveals a paradigm shift in the Swedish legislature´s perception of the consumer borrower which could be used as a basis for changing the rules in other areas of consumer credit regulation. 

Ämnesord

SAMHÄLLSVETENSKAP  -- Juridik -- Juridik och samhälle (hsv//swe)

SOCIAL SCIENCES  -- Law -- Law and Society (hsv//eng)

Nyckelord

austerity

consumer credits

debt

debt relief

law and society

high cost credit

Swedish consumer law

instant loans

Law

juridik

Publikations- och innehållstyp

ref (ämneskategori)

kap (ämneskategori)