UOKiK Fines Lenders for Consumer Credit Practices
The President of the Office of Competition and Consumer Protection (UOKiK) imposed fines totaling over 10 million PLN on seven lenders and consumer credit intermediaries following complaints from affected consumers.
22.02.2024 | Polish competition authority
The President of UOKiK fined seven lenders and credit intermediaries over 10 million PLN for their consumer credit practices, prompted by complaints from consumers. The actions were taken under competition law to address potential anti-competitive behavior and protect consumer rights. The affected businesses include lenders and credit intermediaries involved in consumer credit transactions. This case highlights the importance of complying with competition and consumer protection regulations in the financial services sector to avoid penalties and maintain fair market practices.