Financial Services Financial Services

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 an

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Discover MLex

Stay on top of global regulatory developments

Latest News