French check processing fee controversy of 2010

In 2010, the French government's Autorité de la concurrence (the department in charge of regulating competition) 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.^[1][2]

The banks were:^[1]

• Banque de France
• BPCE
• Banque postale
• BNP Paribas
• Confédération Nationale du Crédit Mutuel
• Crédit Agricole
• Crédit du Nord
• Crédit Industriel et Commercial (CIC)
• HSBC
• LCL
• Société Générale

See also

• Cheque fraud
• Cheque truncation
• Substitute check
• Check 21