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Year: 2024
Date: 25 July, 2024
Offence Group: consumer-protection-related offences
Offence Type: consumer protection violation
Violation Description: The CMA was informed by AIB of a breach of the Retail Banking Market Investigation Order 2017 by failing to keep information on Annual Percentage Rates and Equivalent Annual Rates up to date for loans and overdrafts to businesses. The CMA reviewed the evidence and the actions taken to end the breach and decided on no further action.
Agency: Competition and Markets Authority
HQ Country of Parent: Ireland
Ownership Structure of Parent: government-owned
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data: (click here)