500 Banks under the microscope
Thursday, August 5th, 2010
Hungary’s financial and banking supervision PSzAF is reportedly conducting an in-depth probe at 500 banks nationwide after consumers complained they felt that their interests were not sufficiently represented at these institutions.
Banks are said to have misled the public with false advertising and speculative measures, especially in the areas of passing on a new bank tax to consumers, retail loans, interests and banking fees. PSzAF is continuously informing the population of the latests developments via paid awareness campaigns, the media and its public Internet website (www.pszaf.hu).
Once investigations are completed finals results will reportedly be announced on December 31, 2010.
