Housing Finance Corporation
€10,000
Insufficient legal basis for data processing
Decision Date
March 10, 2025
Authority
Cypriot Data Protection Commissioner
CY
Sector
Finance, Insurance and Consulting
Country
CY
Law
GDPRStatus
FINALDescription
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.
Legal Citations
Art. 5 (1)Art. 24 (1)
Issues & Violations
Insufficient legal basis for data processing