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La Banque postale

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La Banque postale is a French bank, created on 1 January 2006 as a subsidiary of La Poste, the national postal service.

Controversy

In 2010 the French government's Autorité de la concurrence (the department in charge of regulating competition) fined eleven banks, including La Banque postale, the sum of €384.9 million 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.[1][2]

References

  1. ^ https://online.wsj.com/article/BT-CO-20100920-709855.html
  2. ^ "Autorité de la concurrence".