French check processing fee controversy of 2010
In 2010 the French government's Autorité de la concurrence 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:
- Banque de France
- BPCE
- Banque postale
- BNP Paribas
- Confédération Nationale du Crédit Mutuel
- Crédit Agricole
- Crédit du Nord
- Crédit Industriel et Commercial
- HSBC
- LCL
- Société Générale
