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Violation Tracker UK Individual Case
Company: Virgin Money UK plc
Current Parent Company:
Nationwide Building Society
Parent at the Time of the Penalty Announcement: Virgin Money UK PLC
Recap of Ownership Changes: Nationwide bought Virgin Money in 2024
Penalty: £0
Year: 2021
Date: 22 June, 2021
Offence Group: competition-related offences
Offence Type: banking violation
Violation Description: Virgin Money was notified it breached Article 20.6.2 of the Retail Banking Market Investigation Order, which requires all Transaction Histories to be sent within 40 days of the account being closed (unless an exception applies).
Action Type: agency action
Agency: Competition and Markets Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: mutual
Major Industry of Parent: financial services
Specific Industry of Parent: building society
Source of Data:
(click here)
