Credit institution – €2,700 Fine (Hungary, 2022)
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.
A Hungarian credit institution was fined EUR 2,700 for transferring customers' loan agreements to a new bank account without asking for their consent. This matters because it highlights the importance of getting permission before making changes to financial agreements. Small businesses should ensure they have clear consent from customers when handling personal data.
What happened
The credit institution transferred claims from loan agreements to a new bank account without customer consent.
Who was affected
Customers of the credit institution whose loan agreements were transferred without their permission.
What the authority found
The Hungarian DPA found that the credit institution lacked a valid legal basis for transferring claims, violating GDPR requirements for lawful processing.
Why this matters
This case emphasizes the need for financial institutions to obtain clear consent when altering customer agreements. It serves as a reminder for businesses to review their data handling practices to ensure compliance with privacy laws.
GDPR Articles Cited
The Hungarian DPA has imposed a fine of EUR 2,700 on a credit institution. Several individuals had filed a complaint with the DPA due to the fact that the controller had transferred claims from their loan agreements to a new bank account without their consent.
Related Enforcement Actions (0)
No other enforcement actions found for Credit institution in HU
This is the only recorded action for this entity in this jurisdiction.
Details
Fine Date
1 January 2022
Authority
Nemzeti Adatvédelmi és Információszabadság Hatóság
Fine Amount
€2,700
Enforcement Tracker ID
ETid-1825
About this data
Cite as: Cookie Fines. Credit institution - Hungary (2022). Retrieved from cookiefines.eu
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