Swedish bank accused of refusing transparency in mortgage interest calculations
( February 27, 2025, 08:47 GMT | Official Statement) -- MLex Summary: Privacy group noyb has filed a complaint against Swedbank for refusing to disclose how it automatically calculates mortgage interest rates. The bank cites "trade secrets" but noyb says this could violate EU data protection laws. With Swedish households struggling under rising mortgage costs, the lack of transparency raises concerns about fairness and accountability in banking, noyb's press release says.The statement follows:...
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