Home » Rates too high on revolving cards, Dutch Abn Amro forced to reimburse customers

Rates too high on revolving cards, Dutch Abn Amro forced to reimburse customers

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After Rabobank, the Abn Amro bank in the Netherlands was also forced to “negotiate” with the Supervisory Authorities and consumer associations for charging retail customers with too high interest rates on consumer credit products such as cards revolving. The transaction will cost Abn Amro a total of 250 million euros, of which 220 million will be set aside from scratch in the second half of 2021 while 30 million were the prudential adjustments recorded so far …

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