eCommerce 2020 ApS – €51,000 Fine (Iceland, 2023)
General GDPR enforcement action
This case relates to broader data protection obligations, not specifically to cookie or consent banner compliance. It is not included in cookie statistics or the Risk Calculator.
eCommerce 2020 ApS was fined for improperly reporting loan defaults to a credit scoring company. The Icelandic DPA found that the company did not clearly inform borrowers about the consequences of non-payment. This case serves as a warning for businesses to be transparent about how they handle loan information.
What happened
eCommerce 2020 ApS sent information about loan defaults to a credit scoring company without properly informing borrowers.
Who was affected
Borrowers who were not adequately informed about the consequences of their loan defaults.
What the authority found
The Icelandic DPA concluded that eCommerce 2020 ApS failed to meet the necessary conditions for processing personal data related to loan defaults.
Why this matters
This ruling underscores the need for clear communication with customers regarding loan terms and consequences. Companies should ensure their loan agreements are transparent and compliant with data protection rules.
GDPR Articles Cited
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The Icelandic DPA has imposed a fine of EUR 51,000 on eCommerce 2020 ApS. The controller had submitted information on loan defaults for registration even though the required registration conditions for this have not been in place. For instance, unpaid small loans were registered although they were below the required minimum amount. In assessing the fine, the fact that a large number of people were affected by the incident and that the controller was pursuing profits were considered aggravating factors.
Related Enforcement Actions (1)
Other enforcement actions involving eCommerce 2020 ApS in IS
Details
Fine Date
27 June 2023
Authority
Persónuvernd
Fine Amount
€51,000
Enforcement Tracker ID
ETid-1948
About this data
Cite as: Cookie Fines. eCommerce 2020 ApS - Iceland (2023). Retrieved from cookiefines.eu
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