Seizure Following Inadequate Credit Assessment

The plan wants to break the power of financial capital through regulation and tax the financial sector more heavily, and it sees debt and short-term profit-seeking as something that should be met with political regulation, not borne by individuals. Placing a greater portion of enforcement costs on lenders who have made inadequate credit assessments shifts the risk from the indebted to the lender. This is in line with the plan's principles, even though credit assessment is not mentioned specifically.

• regulation of the financial sectordecisive»Finanskapitalets makt måste brytas genom regleringar och ökad« (party programme ↗)“The power of financial capital must be broken through regulation and increased”
• the financial sector must bear costs»Vi vill beskatta finanssektorn« (party programme ↗)“We want to tax the financial sector”
• protection for the over-indebted»Socialtjänstlagen ska tolkas extensivt. Behoven, inte betalningsförmågan ska vara avgörande« (party programme ↗)“The Social Services Act must be interpreted extensively. Needs, not ability to pay, must be decisive”
• criticism of financial profit interests»Det är inte riskkapitalisten eller börsspekulanten som äger skolan, vårdcentralen eller tillverkningsföretaget som skapar värde i verksamheten« (2022 manifesto ↗)“It is not the venture capitalist or stock speculator who owns the school, the healthcare centre or the manufacturing company that creates value in the activity”

The plan's fundamental view is that the market needs democratic countervailing powers and stable rules, and that politics shall take the side of those with less power. Letting the lender bear greater cost when credit checking has been inadequate places the risk with the party that has broken the rules and counteracts over-indebtedness of households, which the plan wants to protect with caution. The plan does not mention credit checking explicitly.

• rules as countervailing power to the marketdecisive»Det krävs demokratiska motvikter för att skapa de stabila spelregler som behövs för att« (party programme ↗)“It requires democratic countervailing powers to create the stable rules that are needed for”
• take the side of the powerless»Socialdemokratins uppgift är att ta parti för den som har mindre makt.« (party programme ↗)“Social democracy's task is to take the side of those with less power.”
• respect for households' economy»Den ekonomiska politiken behöver bedrivas med stor varsamhet och respekt för vanliga hushålls ekonomi.« (2022 manifesto ↗)“Economic policy needs to be conducted with great caution and respect for ordinary households' economy.”

Worldstate weighed in: Inflation 11.7 percent and policy rate 3.0 percent — raises households' interest costs and makes over-indebtedness more acute, which strengthens the reasons for tightened lender responsibility

The plan takes no explicit position on what the committee actually decided — often because the committee's reason was procedural. The stance is derived and fully cited, but it does not show the party broke a commitment.

The plan states that over-indebtedness shall be combated and that society shall prevent excessive risk-taking on financial markets. Placing a higher cost on enforcement on lenders who conducted inadequate credit assessment makes the risk visible to the one who causes it, in line with the plan's demand for strong consumer protection. The question is not treated in detail, so the conclusion is derived.

• combat over-indebtednessdecisive»Girighet, överskuldsättning och spekulation ska motverkas« (party programme ↗)“Greed, over-indebtedness and speculation shall be combated”
• limit lenders' risk-taking»motverka det överdrivna risktagande som dominerat« (party programme ↗)“combat the excessive risk-taking that has dominated”
• strong consumer protection»Vi vill ha ett starkt skydd« (party programme ↗)“We want strong protection”

The plan takes no explicit position on what the committee actually decided — often because the committee's reason was procedural. The stance is derived and fully cited, but it does not show the party broke a commitment.

The plan does not address credit assessment or over-indebtedness. The closest principle is that basic security shall prevent people from becoming trapped in lifelong vulnerability and provide support to recover, which supports the idea that a lender that fails in its assessment should also bear the cost. The plan also requires that the economy have given and predictable rules, where risk is borne by the one who takes it. The conclusion is uncertain and derived.

• avoid lifelong vulnerabilitydecisive»de fastnar i livslång utsatthet och som ger den enskilde stöd att ställa om och komma tillbaka.« (party programme ↗)“become trapped in lifelong vulnerability and which gives the individual support to shift direction and recover.”
• predictable rules»Ekonomin ska ha givna och förutsägbara spelregler« (party programme ↗)“The economy shall have given and predictable rules”
• households with tight margins»Alltför många människor lever med små marginaler i dagens Sverige.« (2022 manifesto ↗)“Too many people live with small margins in today's Sweden.”

The plan takes no explicit position on what the committee actually decided — often because the committee's reason was procedural. The stance is derived and fully cited, but it does not show the party broke a commitment.

The plan wishes that over-indebted persons more easily become debt-free and that consumer law be improved, with debt advice throughout the country and high ambition level also in the EU. It moreover establishes that private power can be misused and that the market needs rules. To let lenders bear greater cost when credit assessment has been deficient thus aligns with the plan's consumer and debt principles.

• counter over-indebtednessdecisive»Reglerna för skuldsanering ska ändras så att överskuldsatta får större möjlighet att bli skuldfria.« (party programme ↗)“The rules for debt relief shall be changed so that over-indebted persons get greater opportunity to become debt-free.”
• strong consumer laws»behövs en stark konkurrenslagstiftning och konsumentlagar som ger rätt till korrekt produktinformation.« (party programme ↗)“strong competition law and consumer laws are needed that give the right to correct product information.”
• high consumer protection level in EU»Målet ska vara att konsumentlagstiftningen i EU-länderna ligger på en hög ambitionsnivå« (party programme ↗)“The goal shall be that consumer law in EU countries stands at a high ambition level”
• debt advice for consumers»Konsumenter ska ha tillgång till budget- och skuldrådgivning« (party programme ↗)“Consumers shall have access to budget and debt advice”

The plan takes no explicit position on what the committee actually decided — often because the committee's reason was procedural. The stance is derived and fully cited, but it does not show the party broke a commitment.

The plan grounds market economy on honesty and personal responsibility and tasks the state with overseeing that legislation and good ethics are upheld on the market, with effective legal rules for consumers. An irresponsible economy is rejected. A lender who has failed in credit assessment should therefore bear a larger share of the cost in enforcement.

• honesty and personal responsibilitydecisive»Hederlighet och personligt ansvarstagande är viktiga fundament.« (party programme ↗)“Honesty and personal responsibility are important foundations.”
• state oversees market»Statens roll i näringspolitiken är att övervaka att lagstiftningen och en god etik upprätthålls på marknaden.« (party programme ↗)“The state's role in economic policy is to oversee that legislation and good ethics are upheld on the market.”
• effective legal rules»En fungerande marknadsekonomi kräver aktiva och välinformerade konsumenter samt effektiva rättsliga spelregler.« (party programme ↗)“A functioning market economy requires active and well-informed consumers and effective legal rules.”
• no to irresponsible economy»En ekonomi präglad av inflation och spekulation, ansvarslöshet och egoism, är därför motsatsen.« (party programme ↗)“An economy characterised by inflation and speculation, irresponsibility and selfishness, is therefore the opposite.”

The plan takes no explicit position on what the committee actually decided — often because the committee's reason was procedural. The stance is derived and fully cited, but it does not show the party broke a commitment.

The plan says nothing about credit assessment or cost responsibility in enforcement. The nearest principles are that the market economy is based on private ownership and contractual freedom, that the individual has personal responsibility for their choices, and that companies' regulatory burden should decrease. On this basis, the plan does not support placing greater cost on the lender.

• contractual freedomdecisive»på enskilt ägande och avtalsfrihet« (party programme ↗)“on private ownership and contractual freedom”
• own responsibility for their choices»har ett personligt ansvar för dessa val« (party programme ↗)“have personal responsibility for these choices”
• reduced regulatory burden»Ta bort en tredjedel av företagens administrationskostnader och en tredjedel av regelkrånglet« (2022 manifesto ↗)“Remove a third of companies' administrative costs and a third of regulatory red tape”
• contracts shall be upheld»För att lösa tvister, upprätthålla kontrakt« (party programme ↗)“To settle disputes, uphold contracts”

The plan does not address consumer credit or cost responsibility in enforcement. The closest principle is that the market economy should be responsible and regulated and that rights must be balanced by obligations, which argues that a lender who failed in credit assessment should also bear a larger part of the cost. The plan says nothing about the committee's reasoning that existing supervision, an ongoing investigation and a new EU directive are sufficient.

• responsible regulated market economydecisive»En ansvarsfull, reglerad marknadsekonomi, byggd på långsiktigt tänkande« (party programme ↗)“A responsible, regulated market economy, built on long-term thinking”
• rights require obligations»Utan skyldigheter kan inga rättigheter upprätthållas.« (party programme ↗)“Without obligations, no rights can be upheld.”

The plan takes no explicit position on what the committee actually decided — often because the committee's reason was procedural. The stance is derived and fully cited, but it does not show the party broke a commitment.