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On March 30, 2026, the Swedish Government, through the Ministry of Justice (Justitiedepartementet), published a proposition proposing a new consumer credit law designed to strengthen consumer protection and adapt legislation to recent market developments. The new consumer credit law will regulate multiple aspects of consumer credit provision, including information requirements, right of withdrawal, marketing practices, and interest rate and cost caps. The proposition aims to prevent over-indebtedness through enhanced credit assessment requirements. A new licensing requirement will be introduced, requiring more credit providers and intermediaries to obtain authorisation, operate under supervision, and meet standards for sufficient knowledge and competence. The proposal implements an EU directive on consumer credits into Swedish law. Key protections include ensuring consumers receive clear information about credit agreements and their rights, establishing broad consumer protection rules across the credit market, and implementing stringent credit assessment procedures to prevent risky lending and over-indebtedness. The new consumer credit law and associated legislative amendments are proposed to enter into force on November 20, 2026. The proposition is available for download as Prop. 2025/2026:223. REFERENCES: Swedish Government (Regeringen.se). "En ny konsumentkreditlag" [A New Consumer Credit Law]. Published March 30, 2026. Available at: https://www.regeringen.se/