Consumer debt problems and the image of the consumer in Swedish consumer credit regulation

Ann-Sofie Henrikson

Chapter 11 in Debt and Austerity, 2020, pp 240-259 from Edward Elgar Publishing

Abstract: In 2018, the Swedish Consumer Credit Act introduced new rules aimed at reducing the number of unpaid high-cost credits. These rules, taking into consideration potential behavioral weaknesses, are based on a modernized and potentially more accurate image of the consumer borrower than the traditional one of an active, responsible and rational borrower. The introduction of new rules for instant loans reveals a paradigm shift in the Swedish legislature´s perception of the consumer borrower which could be used as a basis for changing the rules in other areas of consumer credit regulation.

Keywords: Economics and Finance; Geography; Law - Academic; Sociology and Social Policy (search for similar items in EconPapers)
Date: 2020
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