Cyprus

Housing Finance Corporation

10,000 €

GDPR enforcement action by Cypriot Data Protection Commissioner on 2025-03-10.

Rank · Sector

#206

of 322 in Finance, Insurance and Consulting

Rank · Cyprus

#18

of 47

Rank · All fines

#1,437

of 3,050

Case details

Authority: Cypriot Data Protection Commissioner
Date: 2025-03-10
Controller / Processor: Housing Finance Corporation
Sector: Finance, Insurance and Consulting
Quoted Articles: Art. 5 (1) d), e) GDPR, Art. 24 (1) GDPR
Type of violation: Insufficient legal basis for data processing

Summary

The Cypriot DPA has imposed a fine of EUR 10,000 on the Housing Finance Corporation. The controller stored client loan data for longer than necessary and did not ensure that the data was correct. This resulted in the controller incorrectly declining a client's loan application.

Open original source Links to the regulator's original publication or another source.