500 Banks under the microscope

Posted by Consumer Protection, Latest News, Top News 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 [...]

L’Oreal fined HUF 5 million

Posted by Consumer Protection, Latest News, Top News Wednesday, July 7th, 2010

The Hungarian Competition Authority (GVH) on Wednesday fined L’Oreal Hungary for HUF 5 million for unfounded marketing claims in advertisements of several products including Vichy Liftactiv CxP, Revitalift and Vichy Cellu Metric. The cosmetics giant said it is examining the possibilities to appeal against the decision in court. GVH officials added that tests concerning the [...]

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