La Banque Postale
Encyclopedia
La Banque postale is a French bank
created on 1 January, 2006 as a subsidiary of La Poste
, the national postal service.
, especially for extra fees charged during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer.
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
created on 1 January, 2006 as a subsidiary of La Poste
La Poste (France)
La Poste is the mail service of France, which also operates postal services in the French Overseas Departments of Réunion, Guadeloupe, Martinique and French Guiana, and the territorial collectivities of Saint Pierre and Miquelon and Mayotte...
, 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 , the sum of 384,900,000 Euros for colluding to charge unjustified fees on check processingFrench check processing fee controversy of 2010
In 2010 the French government's Autorité de la concurrence fined eleven banks €384,900,000 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...
, especially for extra fees charged during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer.