25 May 2023 at 10:02 The Consumer Council wants an interest rate cap The Consumer Council is concerned that consumer debt and credit card debt are increasing in Norway, and is calling for measures. – In the current situation, the Norwegian authorities must intervene and establish an interest rate ceiling of 20 per cent, says specialist director Jorge B. Jensen in a press release. He refers to Finland, which had an interest rate cap on consumer debt in 2013, and that the authorities there are now considering lowering the cap due to rising prices. Jensen believes that such a measure will not be a problem for the financial industry as long as they operate responsibly.
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