Getin Noble Bank wins reduction of consumer-right breach fine in Poland
( July 20, 2016, 16:00 GMT | Official Statement) -- MLex Summary: Judges at Poland’s competition and consumer court SOKiK last month reduced a fine imposed by the nation’s consumer watchdog on Getin Noble Bank to 5 million Polish zloty ($1.26 million) from 5.6 million zloty, finding that the regulator didn’t consider the bank’s voluntary compensation as a mitigating circumstance. But they upheld the watchdog’s findings that the bank misled customers regarding unit-linked life-insurance policies by providing insufficient information about the risks involved.Statement follows:...
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