French check processing fee controversy of 2010

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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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Notes

References

Collusion in the banking sector, Press Release of Autorité de la concurrence, République Française, 20 September 2010, retrv 2010 9 20 http://www.autoritedelaconcurrence.fr/user/standard.php?id_rub=368&id_article=1472 ↩
3rd UPDATE: French Watchdog Fines 11 Banks For Fee Cartel [permanent dead link‍], Elena Bertson, Dow Jones News Wires / Wall Street Journal online, retr 2010 9 20 https://www.wsj.com/article/BT-CO-20100920-709855.html ↩
Collusion in the banking sector, Press Release of Autorité de la concurrence, République Française, 20 September 2010, retrv 2010 9 20 http://www.autoritedelaconcurrence.fr/user/standard.php?id_rub=368&id_article=1472 ↩

See also

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References