Should banks be required to be more transparent in their fees for foreign currency remittances?
Someone said:
Regulators in many places have started cracking down on hidden exchange rate mark-ups. In February, the European Parliament voted for mandatory transparency in cross-border fees. Foreign exchange providers in Europe will have to tell consumers exactly how much they are charged in the local currency. Britain is considering similar legislation. In Australia, the Competition Commission began investigating hidden foreign exchange fees last year.
Read more about the issue here
https://tklcloud.com/Feedback/feedback2.aspx?id=1593
Someone said:
Regulators in many places have started cracking down on hidden exchange rate mark-ups. In February, the European Parliament voted for mandatory transparency in cross-border fees. Foreign exchange providers in Europe will have to tell consumers exactly how much they are charged in the local currency. Britain is considering similar legislation. In Australia, the Competition Commission began investigating hidden foreign exchange fees last year.
Read more about the issue here
https://tklcloud.com/Feedback/feedback2.aspx?id=1593
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