How the BankID Verification Tool Capsized Norway's Banking Industry

Over the last decade, non-collateralized debt in Norway has increased by more than 220%. It now equates to almost 15% of the national government's budget. In effect, it allows any individual to apply for uncollized loans 24/7 tied to excess excess excess debt tied to outstanding debt. In 2019, almost 200 billion Norwegian bank loans (including credit cards and credit cards) are swelled to almost 150% of Norway's national budget. Forbrukslån is a portmanteau, which mends the two words "consume" and "loan"