Posted by Since May 2025, Fincard, by far the largest lender on TWINO (96% of the portfolio), has been under investigation by Poland’s consumer protection authority, UOKiK. The allegation: Circumvention of the statutory interest rate cap. The potential consequences: A fine of up to €5.3 million, an unspecified amount in customer refunds, and proceedings that could drag on for years.
In my latest content, I explain what the dispute between the consumer protection authority and TWINO’s lender is actually about, what consequences Fincard could face, and what the proceedings mean for investors on the Latvian P2P platform.
Get the full picture here:
https://rethink-p2p.de/en/twino-fincard-uokik/