On Jun. 4, 2026, SWE PRL published Consumer Credit Act (Act 2026:1011), containing provisions on the protection of consumers with regard to credit, following debate.
Document dated Jun. 4, 2026, received from SWE PRL Jun. 10, summarized Jun. 12.
Act applies to any credit a trader grants or offers to a consumer, and applies to credit someone other than a trader grants or offers to a consumer, if they act as an agent.
The terms of the new Consumer Credit Act will now all be in force from Nov. 20, 2026.
On Jan. 8, SWE MoJ issued proposal for a new Consumer Credit Act.
SWE MoJ referred the proposal for a new Consumer Act to the Legislative Council.
Follows SWE PRL Dec. 2025 proposed distance contract consumer protection, #280371.
Purpose
The new law will include more types of credit to the scope of consumer protection rules, including interest-free credit provided by third parties e.g., Riverty, Klarna.
Proposed stricter requirements for credit assessment to counteract over-indebtedness.
The credit assessment will have to be carried out in the consumer's interest and clear rules are being introduced for which information must be taken into account.
Consumer rights will also be strengthened through clearer rules on the right of withdrawal and early payment; the withdrawal period will only start to run when the consumer has been informed of his right to withdraw from the contract in question.
In the event of payment difficulties, creditors will have to offer alternative solutions, such as reduced interest rates or deferrals, before taking measures to collect the debt.
A new permit requirement is being introduced, so that more businesses that provide or broker credit must be under supervision and comply with requirements for sufficient knowledge and competence; the proposals implement parts of the EU Dir 2023/2225.
Effectiveness
The new Consumer Credit Act and the amendments to the relevant laws are proposed to enter into force on Nov. 20, 2026.
Reminded that the aim of the new Consumer Credit Act is to strengthen consumer protection and adapt the rules to developments in the credit market, where an increasing number of players offer different types of credit and payment solutions.
New law means that more types of credit will be covered by consumer protection rules, noting this applies to interest-free credit provided in commerce by a third party.
Proposes stricter requirements for credit assessment to counteract over-indebtedness.
Credit assessment will be carried out to greater extent based on consumer's interests, and the law sets clear requirements for what information must be taken into account.
Changes have been made in several steps to address problems of over-indebtedness, for example by stopping so-called quick loan companies from conducting business.
Proposals also mean that consumer rights are strengthened through clearer rules for the right of withdrawal and early payment, noting withdrawal period shall only begin to run when the consumer has been informed of his right to withdraw from agreement.
In event of payment difficulties, creditors shall be obliged to offer alternative solutions, such as reduced interest or deferral, before collection measures may be taken.
The bill also contains a new licensing requirement which means that more companies that offer or broker credit must be supervised by the SWE FI and, among other things, must meet requirements for knowledge and competence.
Proposals implement EU Consumer Credit Directive; new law proposed to be in force on Nov. 20, 2026.
May 2026 SWE PRL Report and Debate
On May 22, 2026, SWE PRL published civil affairs committee report, proposing Riksdag approve SWE GVT proposal to strengthen consumer protection in credit market.
The proposal includes, among other things, a new Consumer Credit Act.
The committee proposed for decision approval of the bill and rejection of all motions.
Report was tabled on May 26, 2026 and will be debated in chamber on May 27, 2026.
Jun. 2026 Legislation Published
On Jun. 4, 2026, SWE PRL published Consumer Credit Act (Act 2026:1011), containing provisions on the protection of consumers with regard to credit, following debate.
Document dated Jun. 4, 2026, received from SWE PRL Jun. 10, summarized Jun. 12.
Act applies to any credit a trader grants or offers to a consumer, and applies to credit someone other than a trader grants or offers to a consumer, if they act as an agent.
The terms of the new Consumer Credit Act will now all be in force from Nov. 20, 2026.
Regulators
SWE MoJ; SWE PRL
Entity Types
Bank; CNSM; IB; MG Orig; MSB
Reference
Act 2026:1011, 6/4/2026; PR, Rp 2025/26:CU26, 5/22/2026; PR 3/30/2026, Bill 2025/26:223; Bill, PR, 1/8/2026; Dir 2023/2225; Citation: Act 2026:1011;
