Spelinspektionen argues proposed EU credit rules will reduce gambling harm
The regulator’s response is in conjunction with the European Commission’s proposals for a reform of its Consumer Credit Directive.
The revisions would ensure that information related to credit is presented to customers in a clear way, ensuring that they’re fully aware of what they’re signing up for. Spelinspektionen itself recently issued warnings to operators over inadequate displays of information.
Rules to improve assessments of player’s creditworthiness will also be introduced in an attempt to reduce debt levels among consumers.
Member states will also be asked to promote financial education and to ensure debt advice is made available to consumers.
In response, Spelinspektionen director general Camilla Rosenberg said: “The Swedish Gaming Inspectorate is positive about strengthening consumer protection and promoting responsible methods of lending.
“Strengthened consumer protection when granting credit, in particular a strengthened and expanded credit review, can contribute to a reduction in gambling on credit and thus promote the protection of players with problematic gambling behavior.”