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French check processing fee controversy of 2010

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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:

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