Thursday, May 26, 2011

Brazil .- The Office of Rio de Janeiro requires the Banco Santander to repay 114.2 million to customers

MADRID, 26 May. The Office of Rio de Janeiro has requested the Bank Santander to return 265 million reais (114.28 million euros) to its Brazilian customers by improperly charged fees between 2008 and 2009, according to a statement issued by the public. The Brazilian Public Ministry also orders the authority Itaú, Unibanco to pay 165 million reais (71.2 million euros) were considered to be appropriated for fees charged to them between 2008 and 2010.

The prosecution explained that both financial institutions violated the regulations of the Central Bank of Brazil, before presenting complaint warned that they were breaching the rules for the charging of fees to customers, which came into force on 30 April. In case of non repayment of the sums, the government agency warns that the two entities could face claims process amounts to the courts.

The prosecution accused the Banco Santander to charge its customers unfair commissions on credit transactions and leasing. For its part, the Itaú-Unibanco is accused of collecting illegal commissions in transactions with credit cards and returned checks. (Daily Buzz World INTERNATIONAL)

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