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In 2010, the French government's (the department in charge of regulating competition) fined eleven banks
€ The euro sign () is the currency sign used for the euro, the official currency of the eurozone and unilaterally adopted by Kosovo and Montenegro. The design was presented to the public by the European Commission on 12 December 1996. It consists o ...
384.9 million for colluding to charge unjustified fees for
check Check or cheque, may refer to: Places * Check, Virginia Arts, entertainment, and media * ''Check'' (film), a 2021 Indian Telugu-language film * '' The Checks'' (episode), a 1996 TV episode of ''Seinfeld'' Games and sports * Check (chess), a th ...
processing, especially for extra fees charged during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer. The banks were: * *
BPCE Groupe BPCE (for Banque Populaire Caisse d'Epargne) is a major French banking group formed by the 2009 merger of two major retail banking groups, Groupe Caisse d'Épargne and Groupe Banque Populaire. As of 2021, it was France's fourth largest ...
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BNP Paribas BNP Paribas is a French international banking group, founded in 2000 from the merger between Banque Nationale de Paris (BNP, "National Bank of Paris") and Paribas, formerly known as the Banque de Paris et des Pays-Bas. The full name of the gro ...
* * * * (CIC) *
HSBC HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tri ...
* LCL *


See also

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Cheque fraud Cheque fraud (Commonwealth English), or check fraud (American English), refers to a category of criminal acts that involve making the unlawful use of cheques in order to illegally acquire or borrow funds that do not exist within the account balanc ...
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Cheque truncation Cheque truncation (check truncation in American English) is a cheque clearance system that involves the digitization of a physical paper cheque into a substitute electronic form for transmission to the paying bank. The process of cheque cleara ...
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Substitute check A substitute check or cheque, also called an image cash letter (ICL), clearing replacement document (CRD), or image replacement document (IRD), is a negotiable instrument used in electronic banking systems to represent a physical paper cheque (ch ...
* Check 21


Notes

3rd UPDATE: French Watchdog Fines 11 Banks For Fee Cartel
Elena Bertson, Dow Jones News Wires / Wall Street Journal online, retr 2010 9 20 Collusion in the banking sector
Press Release of Autorité de la concurrence, République Française, 20 September 2010, retrv 2010 9 20 {{France-hist-stub Controversies in France 2010 in France 2010 in economics Economic history of France