EU Weighs Plan For Cheaper Cross-Border Payments

Law360, London (July 24, 2017, 3:45 PM BST) -- The European Commission is seeking views on how it can lower the costs of cross-border payments within the European Union in currencies other than the euro, with the launch of a public survey on Monday.

The call for information follows the commission’s announcement in March that it will propose legislation to reduces charges for cross-border transactions in all member states. It said the feedback from the latest questionnaire will help it define the “best way forward.”

"Euro transactions in the euro area are usually priced very...
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