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Correspondence: CMA letter to AIB about breaching Parts 2 and 8 and Article 56.2 of the Retail Banking Order

Competition Markets Authority

July 25
09:23 2024

AIB breached the Retail Banking Order in three ways. It breached Part 2 and Part 8 of the Order through failing to keep information on Annual Percentage Rates and Equivalent Annual Rates up to date for loans and overdrafts to businesses. It breached Article 56.2 by failing to notify the CMA of breaches within the 14 days required by the Order.

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Published 25 July 2024

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