Check Fee Collusion
In 2010 the French government's Autorité de la concurrence (the department in charge of regulating competition) fined eleven French banks, including HSBC France, the sum of 384,900,000 Euros for colluding to charge unjustified fees on check processing, especially for extra fees charged during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer.
Read more about this topic: HSBC France
Famous quotes containing the words check and/or fee:
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The quality of persons, and the time,
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As full of labor as a wise man’s art.”
—William Shakespeare (1564–1616)
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—Bible: Hebrew, Proverbs 6:26.