Bahamas gov't to meet with banking sector regarding fee increases

The Bahamas government on Thursday said it would meet with members of the banking community next week to discuss reported increases in service fees and charges by the financial institutions.
A brief statement by the Bahamas Ministry of Labour noted that the Consumer Affairs Division had received numerous reports and complaints from the public with respect to the increases in some commercial banks' services fees and charges.
It said that these complaints range from the increases in fees to cash cheques to the increases in credit card late payment charges.

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