MNB fines savings cooperative Rum és Vidéke
The National Bank of Hungary (MNB) yesterday said it had fined savings cooperative Rum és Vidéke just over HUF 3 mln for violating rules on informing clients.
The central bank and market regulator said the savings cooperative failed to provide its clients with monthly account information, as required by law. It also failed to inform its clients in advance about costs and fees, the bank added.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.