Banking probe puts fees in spotlight
Banking probe puts fees in spotlight"
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
GOVERNMENT ASKS TWO BANKING EXPERTS TO TAKE A CLOSE LOOK AT OVERDRAFT CHARGES AND 'PACKAGE' FEES AN INDEPENDENT investigation into banking fees has been launched by the Economy
Ministry. According to _Les Echos_, the ministry has been keeping a very close eye on how much customers are charged after an EU report last year said some fees were unfair and others just
nonsense. Finance Minister Christine Lagarde has asked two banking experts to conduct further research and produce recommendations for improvements. She has asked former Crédit Agricole
director-general Georges Pauget and the president of the Bank of France financial sector advisory committee Emmanuel Constans to pay particular attention to overdraft fees and
"packages" - where a flat monthly rate is charged to cover a series of banking operations. Ms Lagarde said the investigation would not necessarily lead to tighter regulation, but
was an exercise to "make sure that there are no abuses". Last September, the EU said French banking fees lacked transparency and that information provided to customers was often
incomplete or incomprehensible. STORY: Banking charges just gobbledegook Consumer watchdog CLCV also says there are large differences in the fees charged by banks for similar operations,
such as paying in cheques, owning a debit card or transferring money. The group found in February that the average fees bill had dropped by 5.31% compared with the same period last year.
However, the amount paid for banking services was up to three times higher for some accounts than others - with annual fees ranging from €41 to €131. K.-U. Häßler - Fotolia.com
Trending News
With high fares and limited riders, are ac buses in bengaluru unsustainable?Sandeep Anirudhan, an activist and advocate for sustainability, said, “The facilities we are provided shapes our behavio...
Making Money With MarthaForget F. Scott Fitzgerald. There are second acts in American lives.“I can't think of a better, bigger comeback story th...
Is It Getting Harder To Get Your (Online) Gambling Money?I posed that question last week after I had been reading about gamblers complaining about bounced checks and being told ...
Sorry!The Week...
Ireland’s vote on marriage equality holds many lessons – but are any relevant to australia?The marriage equality debate has been resolved in a variety of ways across the world. The vast majority of countries to ...
Latests News
Banking probe puts fees in spotlightGOVERNMENT ASKS TWO BANKING EXPERTS TO TAKE A CLOSE LOOK AT OVERDRAFT CHARGES AND 'PACKAGE' FEES AN INDEPENDEN...
How i learned to love my age | members onlyI never thought I’d lie about my age — until two years ago. I was surprised to discover that “I’m 70” doesn’t easily rol...
Wbbse result 2018: west bengal madhyamik result 2018 declared, 85. 49% pass; check wbresults. Nic. In, links hereWBBSE Result 2018 today on wbresults.nic.in, wbbse.org  WBBSE RESULT 2018: West Bengal Madhyamik Result 2018 was...
Rahul gandhi to kick-start congress’ 2019 lok sabha election campaign in bihar and west bengal todayCongress President Rahul Gandhi. | File image  KOLKATA: Congress president Rahul Gandhi will kick-start his part...
The Shorts Have A Big ProblemNo surprises: GE and CITI report earnings. Shorts have a big problem: bank stocks were supposed to sell off this earning...