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Banks could be barred from cross-border payment fees in EU Commission proposal

( July 24, 2017, 10:57 GMT | Official Statement) -- MLex Summary: Banks could be barred from charging consumers extra to make payments abroad in any EU currency, compared to domestic transactions, in a European Commission plan to improve financial services for consumers. The Brussels executive body today called for comments from the public by Oct. 30, to help determine how to carry out the objective.The text of the short statement follows. See the attachment at bottom for the full consultation document, and here https://ec.europa.eu/info/consultations/finance-2017-cross-border-transactions-fees_en for an external link to the questionnaire and other related information....

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