JAK Members Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2024
Customer funds reported as inaccessible
Dagens Nyheter reported that thousands of customers could not withdraw funds, with some waiting more than seven years. The reporting stated that meeting all withdrawal requests could force the bank into failure.
2017
Konsumentverket challenge over “interest-free” marketing
Konsumentverket brought a case alleging that JAK’s presentation of its loans as interest-free was misleading. The court sided with the consumer authority and banned the bank from using that description.