French banks fined for collusion in setting processing fees
Cartel of French banks fined for fixing cheque processing fees
PARIS – Eleven French banks have been fined by Autorité de la Concurrence, France’s competition regulator, a total of €384.9 million for improperly levying fees on consumers for cheque-processing.
Banque de France, BPCE, Banque Postale, BNP Paribas, Crédit Mutuel, Crédit Agricole, Crédit du Nord, Crédit Industriel et Commercial (CIC), LCL, HSBC and Société Générale are accused of colluding to set
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