Crédit Mutuel controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile2 entries
2022
CIC and historical financial extraction from Haiti
A New York Times investigation into France's colonial legacy in Haiti discussed CIC, a Crédit Mutuel subsidiary, and historical arrangements under which the bank and its partners received a large share of Haitian export-tax revenues. The investigation characterized the arrangements as contributing to long-term economic extraction from Haiti.
2010
Check-processing fee coordination case
The French Autorité de la concurrence fined eleven banks, including Crédit Mutuel, for coordinated conduct involving check-processing fees during the migration from paper check processing to electronic check-image exchange.