Crédit Mutuel
Encyclopedia
Crédit Mutuel is a major French
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...

 bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

, with headquarters in Strasbourg
Strasbourg
Strasbourg is the capital and principal city of the Alsace region in eastern France and is the official seat of the European Parliament. Located close to the border with Germany, it is the capital of the Bas-Rhin département. The city and the region of Alsace are historically German-speaking,...

, Alsace
Alsace
Alsace is the fifth-smallest of the 27 regions of France in land area , and the smallest in metropolitan France. It is also the seventh-most densely populated region in France and third most densely populated region in metropolitan France, with ca. 220 inhabitants per km²...

. Its slogan is "La banque à qui parler" (The bank to speak to). It is currently run by Michel Lucas and Alain Fradin and has 7.4 million customers - roughly half of whom live in the Grand-Est, i.e. Alsace
Alsace
Alsace is the fifth-smallest of the 27 regions of France in land area , and the smallest in metropolitan France. It is also the seventh-most densely populated region in France and third most densely populated region in metropolitan France, with ca. 220 inhabitants per km²...

, Lorraine
Lorraine (région)
Lorraine is one of the 27 régions of France. The administrative region has two cities of equal importance, Metz and Nancy. Metz is considered to be the official capital since that is where the regional parliament is situated...

, Franche-Comté
Franche-Comté
Franche-Comté the former "Free County" of Burgundy, as distinct from the neighbouring Duchy, is an administrative region and a traditional province of eastern France...

 and Burgundy.

Controversy

In 2010 the French government's Autorité de la concurrence (the department in charge of regulating competition) fined eleven banks, including , the sum of 384,900,000 Euros for colluding to charge unjustified fees on check processing
French check processing fee controversy of 2010
In 2010 the French government's Autorité de la concurrence fined eleven banks €384,900,000 for colluding to charge unjustified fees on check processing, especially for extra fees charged during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer...

, especially for extra fees charged during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer.
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