Hungary Fines Visa, MasterCard $5.2M Over Fees
The agency, known as the GVH, on Thursday announced fines of 477 million forints ($2.6 million) each against Visa and MasterCard. It also hit a dozen local banks — including Hungary's biggest commercial bank, OTP Bank — with total fines of 968 million forints ($5.2 million).
Both Visa Europe and MasterCard denied any wrongdoing and vowed...
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