Enforcement · Icelandic data protection authority ('Persónuvernd') EN LLM context A cited markdown file you can paste into your AI assistant (ChatGPT, Claude, a RAG or project knowledge base) to ground it in this document. Contains: this document’s text, its sections with their topics, and the full text of every law provision it applies. Everything links back to its source on overview.legal — legal information, not advice.
Creditinfo Lánstraust hf.: Insufficient legal basis for data processing
The Icelandic DPA has imposed a fine of EUR 257,000 on Creditinfo Lánstraust hf..
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The Icelandic DPA has imposed a fine of EUR 257,000 on Creditinfo Lánstraust hf.. The controller had registered information on loan defaults 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.
Industry: Finance, Insurance and Consulting
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