Italy Fines Revolut Companies over Alleged Unfair Practices

il Giornale

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Lithuanian bank will now have to pay 11 million

El Periódico

laprovincia.es

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elcorreogallego.es

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lacronicabadajoz.com

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The Italian antitrust authority sanctions the neobank on three fronts: misleading information on investments, aggressive management of account locks and lack of transparency on the European account number

El Pais

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The Italian Competition Authority (AGCM) has imposed a fine of €11.5 million on the financial institution Revutat for having carried out alleged unfair commercial practices, including misleading advertising about its investment services by means of messages concealing the costs of commissions for the customer. “Revolutat has disseminated misleading messages about the investment services it offers and has used aggressive and misleading practices …

Il Fatto Quotidiano

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Incorrect commercial practices, shares and misleading omissions: the Antitrust Authority of Competition and the Market has imposed penalties for more than 11 million euros to the financial company Revolut for violation of Articles 20, 21 and 22 of the Consumer Code. Measures arranged at the end of the investigation initiated by the officials of the Authority on July 8 with the special help of the Antitrust of the Finance Guard. The first of the …