Competition and Fair Trading Commission fines National and Standard Banks
By Duncan Mlanjira Two of the country’s top financial service providers, Standard Bank and National Bank have been fine K500,000 each by the Competition and Fair Trading Commission for Unconscionable Conduct in the Trade of Goods and Services. The decision was made during the Commission’s 54th Meeting in Blantyre on 29th January 2020 where it considered and adjudicated over competition and consumer protection cases. The two banks’ cases were amongst several complaints that were brought before the Commission…
