Stricter lending regulations cause wave of sales financing provider closures in Denmark
By
/ritzau/
Summary
Stricter lending regulations in Denmark have led to a wave of closures among providers of sales financing and buy-now-pay-later solutions. The tightened requirements make it harder for banks and companies to offer financing for products like washing machines, glasses, and electronics, causing many providers to shut down.
Source
bskyStricter lending regulations cause wave of sales financing provider closures in Denmarkfinans.dkKey quotes
· 3 pulledDe seneste års skærpede krav til lånevirksomhed i Danmark har fået den konsekvens, at flere såkaldte salgsfinansieringsløsninger lukker.
Salgsfinansiering og delbetaling - såkaldt køb nu, betal senere - vandt så meget indpas, at flere aktører kom til.
Skærpede krav til lånevirksomhed gør det sværere for banker og virksomheder at tilbyde salgsfinansiering.
You might also wanna read
Over 20,000 bank accounts closed amid immigration enforcement push, data shows
A new analysis of Consumer Financial Protection Bureau complaint data reveals that over 20,000 consumers reported sudden bank account closur
americanbanker.com·12d ago
Danish Supermarket Chain to Establish Emergency Stores for Crisis Situations
A Danish supermarket chain is establishing "Emergency Stores" designed to remain operational for up to three days without electricity or tel
swiss.social·9mo ago
PayPal Security System Failure Blocks Billions in Payments for German Banks and Merchants
PayPal is experiencing a major security system failure that is causing widespread payment disruptions across German banks and merchants. The
nordbayern.de·10mo ago
Hundreds of jobs at risk as John Lewis announces closure of in-store services
Hundreds of jobs at risk as John Lewis announces closure of in-store services
The Unintended Effects of Interest Rate Caps: Credit Reallocation to Safer Borrowers
EU Moves to Block Big Tech from Financial Data Access System with German Support
Germany is leading an EU initiative to block major US tech companies (Meta, Apple, Google, Amazon) from accessing the Financial Data Access
mitrade.com·9mo ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.