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2001-24 AI generated

Consumer credit advertising must clearly state effective interest rate; cash withdrawal fee info is material.

Case Number 2001-24
Court / Authority
Jurisdiction Sweden (SE)
Decision Date
Outcome Partially Allowed
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The court ruled that advertising consumer credit must clearly display the effective interest rate, while cash withdrawal fees are material information for credit cards. The court found that certain credit marketing formulations were not unreasonably misleading under the Marketing Act. Consequently, the complaint regarding the interest rate disclosure was allowed, but the claim about specific credit formulations was dismissed.

Legislator headnote

AI generated

Marknadsföringslagen (2008:800); Konsumentköplagen (2010:1496): The effective interest rate must be clearly stated in consumer credit advertising, and cash withdrawal fees constitute material information for credit card promotions.

Keywords

AI generated
consumer credit advertising effective interest rate disclosure cash withdrawal fee materiality unreasonably misleading marketing consumer protection obligations

Cited Legislation

AI generated
Marknadsföringslagen (2008:800)
Konsumentköplagen (2010:1496)
AI generated
2009-29
Marketing court orders firm to disclose effective interest rate on credit ads under Consumer Credit Act.
2009-39
Consumer Ombudsman loses appeal against bank marketing claims of no fees for credit loans.
2002-7
Court dismisses complaint against bank ad claiming lowest market rate, finding statement unsubstantiated.
B 2327-93
Supreme Court quashes High Court judgment for procedural error in consumer credit advertising case.
2006-12
Consumer Ombudsman loses appeal; court finds marketing not misleading regarding credit consequences.

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Full text

Åläggande har meddelats att vid marknadsföring av kredit till konsument ange den effektiva räntan på ett sätt som är tydligt och lätt att uppmärksamma. Vidare har vid marknadsföring av kontokort med kontantuttagsmöjlighet uppgift om uttagsavgift ansetts vara sådan information som är av särskild betydelse från konsumentsynpunkt. Däremot har vissa formuleringar som använts vid marknadsföring av krediter till konsumenter inte befunnits otillbörliga enligt marknadsföringslagen.