Loan And Mortgage Information

Portability MUTUI: TAR quash antitrust fines on banks

by admin on 07/03/09 at 4:43 pm

Stroke of the sponge Tar out of ten million euros of penalties imposed by Antitrust in a group of twenty banks. The Court of Lazio has canceled the penalties imposed by ‘Authority led by Antonio Catricalà to more than twenty banks in Italy for unfair trade practices, namely the lack of enforcement of the directives contained in the Bersani Decree, which provided free portability of loans, namely the possibility of transferring from one bank to another without charge on customers.

Inquiry was established by a survey of Altroconsumo and other complaints received by the guarantor carter call, which led to last August, the decision of antitrust fines totaling EUR 9.68 million euro groups of banks under investigation. The investigation revealed that only two banking agencies in Rome, on 40 banks between Milan and the capital, the law was respected on the portability of the mortgage loan with a subrogation ZERO COST.

Among the institutions fined, besides the main Italian groups (Unicredit, Intesa Sanpaolo, Mps and Bnl) Deutsche Bank and several popular banks in the month of February have been clear Antitrust Sanctions, which is waiting to assess the reasons behind the ruling of Tar; the penalties imposed range from a minimum of 300,000 Euros to a maximum of 500,000, depending on the violation.

portability mutui tar quash antitrust fines on banks loan
Stroke of the sponge Tar out of ten million euros of penalties imposed by Antitrust in a group of twenty banks. The Court of Lazio has canceled the penalties
Source: http://tubacmountainvistas.com/business-news/portability-mutui-tar-quash-antitrust-fines-on-banks

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The Fine Print: The following comments are owned by We are already working on the next step: number portability for bank d have expected that they'd be eager to beat the tar
Source: http://slashdot.org/articles/03/04/09/2314233.shtml

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of the Department of Justice as defined in the Antitrust consequences for a statutory violation–including fine Section 3486 subpoenas have been used to obtain bank
Source: http://www.justice.gov/archive/olp/rpt_to_congress.htm