My Money Bank

My Money Bank is a French credit institution specializing in consumer and real estate-backed lending, operating primarily in France and its overseas departments through direct channels and intermediaries such as brokers and car dealers; it was formerly GE Money Bank in France and adopted its current name in 2017 following its acquisition by funds managed by Cerberus Capital Management. The product range typically includes auto financing, unsecured personal loans, debt consolidation (rachat de crédits), and mortgage refinancing or home equity loans secured by residential property. Distribution is largely partner-driven, with applications handled online or by phone and supported by standard documentation requirements (proof of identity, income, residence, and bank statements). Pricing follows French rules on disclosure of the annual percentage rate (TAEG), with common charges such as origination fees and early repayment compensation applied within legal limits; optional borrower insurance is often proposed via partners and may be required for certain secured loans. As a licensed credit institution in France, the bank is supervised by the Autorité de Contrôle Prudentiel et de Résolution (ACPR), adheres to consumer credit regulations, and provides access to complaint and mediation procedures. The model is focused on credit rather than day‑to‑day banking services, so current accounts and payment cards are not a core offering. Eligibility criteria, collateral requirements, and underwriting standards are central to approvals, and for secured loans, borrowers risk the loss of pledged property in the event of default.