French check processing fee controversy of 2010 explained
In 2010, the French government's French: [[Autorité de la concurrence]] (the department in charge of regulating competition) fined eleven banks €384.9 million for colluding to charge unjustified fees for check processing, especially for extra fees charged during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer.
The banks were:
- French: italic=no|[[Banque de France]]
- BPCE
- French: italic=no|[[Banque postale]]
- BNP Paribas
- French: italic=no|[[Confédération Nationale du Crédit Mutuel]]
- French: italic=no|[[Crédit Agricole]]
- French: italic=no|[[Crédit du Nord]]
- French: italic=no|[[Crédit Industriel et Commercial]] (CIC)
- HSBC
- LCL
- French: italic=no|[[Société Générale]]
See also
Notes
[1] [2]
Notes and References
- https://www.wsj.com/article/BT-CO-20100920-709855.html 3rd UPDATE: French Watchdog Fines 11 Banks For Fee Cartel
- http://www.autoritedelaconcurrence.fr/user/standard.php?id_rub=368&id_article=1472 Collusion in the banking sector