Antitrust Antitrust

Comment: SocGen's payment card fine reveals gray area in regulating credit

By Jack Schickler
  • 28 Sep 2021 09:23
  • 28 Sep 2021 09:23
Société Générale’s misclassification of interchange fees on payments raises the question: when is a credit card not a credit card?

The French bank was fined 1.6 million euros ($1.9 million) yesterday over mislabeling cards that offered both debit and credit functions, by the French government department responsible for competition, consumers and

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