Raiffeisen Bank, 100K RON fine for illegal interest rate manipulation
Publicat:The National Authority for Consumer Protection (ANPC) has issued a fine to Raiffeisen Bank worth 100,000 RON (rd 20,280 euro) for incorrect commercial practices and decided to suspend the bank's activity regarding this behaviour, the first time such a measure was applied n Romania, as well as ordered it to return the illegally cashed commissions from customers, the ANPC informs.
The 100,000 fine was issued to Raiffeisen Bank after the bank ignored a binding legal decision, which stated, in February 2020, that Raiffeisen committed incorrect business practices when unilaterally increasing…
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