Swedbank refuses transparency in automatic interest calculation

Swedbank allegedly does not want to tell its customers how their borrowing rates are determined. The bank is now being notified to the Privacy Protection Authority. The organisation Noyb is behind the notification, which argues that it violates GDPR regulations. “There are rules on how the interest rate can be determined. Then we mean that it cannot be a trade secret how an individual customer's interest rate is set,” says Joakim Söderberg at No…

Swedbank refuses transparency in automatic interest calculation

Swedbank refuses transparency in automatic interest calculation Swedish bank Swedbank falsely claims that the logic behind the automatic interest rate calculation is a "trade secret" mickey 27 February 2025