News

2503.25

Complaints submitted to Finantsinspektsioon mainly concerned payment and credit services

There were 374 complaints submitted to Finantsinspektsioon last year about financial services, down from 389 in the previous year. The majority of the complaints concerned payment and credit services.

2503.25

Finantsinspektsioon published almost 900 alerts last year

Finantsinspektsioon published 863 alerts on its website last year about companies operating without a licence in Estonia and elsewhere in the European Union. The alerts help consumers of financial services protect themselves against fraud.

2503.25

Bafin announced it had submitted a bankruptcy application against the insurer ELEMENT Insurance AG

The German financial supervisor Bafin announced it had submitted a bankruptcy application against the insurer ELEMENT Insurance AG. The winding up procedures of the insurer will be applied by German law under §160 of the German insurance supervisory act.

2503.25

Finantsinspektsioon has withdrawn the operating licence as a creditor and mortgage creditor from Kinnistulaen OÜ

Finantsinspektsioon withdrew the operating licence as a creditor and mortgage creditor from Kinnistulaen OÜ (register code 12567781) on 13 January 2025.

2503.25

Debt collection agencies that will come under supervision were granted extra time

Changes to the law came into force on 1 January 2025 that extended the transitional conditions for debt collection companies to bring their activities into line with the requirements of the Debt Collection and Debt Purchase Act.

2503.25

Finantsinspektsioon has withdrawn the operating licence as a creditor and mortgage creditor from Ehital Krediit OÜ

On 30 December Finantsinspektsioon withdrew the operating licence as a creditor and mortgage creditor issued to Ehital Krediit OÜ on 16 May 2016. The licence was withdrawn following an application from the company itself.