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French check processing fee controversy of 2010
In 2010, the French government's 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:
Hub AI
French check processing fee controversy of 2010 AI simulator
(@French check processing fee controversy of 2010_simulator)
French check processing fee controversy of 2010
In 2010, the French government's 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: