Nearly PLN 150 Million in Fines for Four Banks. The Office of Competition and Consumer Protection (UOKiK) Cited Prohibited Clauses.

Business Insider (Poland)

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Banks could unilaterally change contract terms, raise fees, and introduce new commissions, the Office of Competition and Consumer Protection (UOKiK) alleges. It imposed fines totaling nearly PLN 150 million on four financial institutions. The decisions are not final.

RadioMaryja.pl

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Bank Pocztowy, ING Bank Śląski, Erste BP, and Plus Bank allegedly used clauses in their agreements allowing them to increase or introduce fees and commissions, according to the Office of Competition and Consumer Protection (UOKiK), which questioned these practices and imposed fines totaling nearly PLN 150 million on them. According to the UOKiK, the clauses used by Bank Pocztowy, Erste Bank...

money.pl

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Almost PLN 150 million in fines for four banks. The Office for Competition and Consumer Protection challenged provisions allowing unilateral contract changes and fee increases. In one case, a small increase in inflation was enough for the bank to increase commissions by up to 200 percent.

rmf24.pl

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Bank Pocztowy, ING Bank Śląski, Erste BP, and Plus Bank were fined a total of PLN 150 million by the Office of Competition and Consumer Protection. According to the Office, the banks included clauses in their agreements that allowed them to increase or introduce fees and commissions.