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Nationale-Nederlanden Bank fined EUR1.1 million as AFM toughens overindebtedness rules

( November 29, 2019, 09:17 GMT | Official Statement) -- MLex Summary: Dutch lender Nationale-Nederlanden Bank has been fined 1.125 million euros ($1.2 million) by the country's financial market authority AFM for failing to ensure prospective borrowers can afford repayments. Credit providers should implement new standards intended to prevent overindebtedness as of the beginning of next year, the AFM said.Statement follows in Dutch. Document attached. ...

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