FI to investigate ICA and Coop credit checks on online shoppers

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FI to investigate ICA and Coop credit checks on online shoppers
Photo: Christine Olsson/TT

The Swedish Financial Supervisory Authority (FI) will investigate the credit checks carried out by grocery retailers ICA and Coop on consumers who shop online, according to a press release from the FI.

"The investigation will focus on how Ica Bank and Medmera Bank have assessed individual consumers' repayment ability to ensure that repayment occurs with a high degree of security," FI writes.

"The starting point of the review will therefore be individually granted credits, while we also examine whether any deficiencies are systematic and whether specific deficiencies exist when credit intermediaries have been used," FI adds.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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