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Correspondence: CMA takes action against the Co-operative Bank for breaching Part 3 and Article 56 of the Retail Banking Order

Competition Markets Authority

August 15
09:08 2023

Details

The Co-operative Bank breached the Order by failing to publish up-to-date service quality information on its website between 15 August 2022 and 3 October 2022. The Co-operative Bank has now taken steps to end the breach and to prevent a recurrence.

The Co-operative Bank discovered this breach on 3 October 2022. However, it only reported this to the CMA on 31 January 2023. The Co-operative Bank therefore failed to notify the CMA of the breach within the 14 days required under the Order.

Published 15 August 2023

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