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PSzÁF fines financial companies for failing to comply with client complaint rules

Hungarian financial market regulator PSzÁF on Thursday said it fined 25 cooperative lending institutions and financial companies a combined HUF 4m for failing to comply with rules on dealing with client complaints introduced from the start of 2010.

Hungarian financial market regulator PSzÁF on Thursday said it fined 25 cooperative lending institutions and financial companies a combined HUF 4m for failing to comply with rules on dealing with client complaints introduced from the start of 2010.

The fines were levied as a result of a consumer protection review of about 120 financial companies and cooperative lending institutions started in October. (Econews)