We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

E.C. Targets France In Credit Card Inquiry

Law360 (July 20, 2006, 12:00 AM EDT) -- Turning up the heat in its investigation into alleged collusion in the bank card industry, the European Commission fired off a new warning Thursday to nine French banks that issue credit cards, claiming they kept competitors from offering less expensive cards.

The Commission accused the banks of entering into an agreement to establish high fees for other banks that are looking to break into the credit card market.

Banks offering new cards were charged a $15 fee for each card issued and were hit with another...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.