Posted by On 16 June 2026, the Polish Office of Competition and Consumer Protection (UOKiK) made proceedings against TWINO lender Fincard public, concerning the circumvention of regulations on the maximum interest rate for consumer credit. The specific allegation is that Fincard charged an additional commission for the use of the credit limit, which, according to UOKiK, effectively constitutes hidden additional interest, thereby circumventing the regulations limiting the maximum interest rate. A potential fine of up to 10% of the annual turnover is at stake, which would amount to approximately EUR 5.3 million.
For context, this is currently an ongoing proceeding, not a final decision or a legally binding fine.
TWINO CEO Nauris Bloks has already issued extensive statements on the allegations. According to him, the pricing model dates back to 2024 and has since been adjusted for business reasons; the Polish financial supervisory authority (KNF) has never raised any objections regarding the pricing model; penalties would typically range between 2 and 3% of the turnover; any potential fines would be contested in court (a process that could take up to three years); and operational effects on the portfolio, growth, or investor payouts at TWINO are ruled out.