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<span style="font-weight: bold">News Source: OTGNR - </span>
<span style="font-weight: bold"> Fair Trading Commission report ... ( Gleaner )...</span>
A report prepared by the Fair Trading Commission has revealed that Jamaican banks can afford to reduce user fee charges without affecting their operations. The study was in direct response to uproar regarding the high transaction fees charged by commercial banks. While outlining the findings of the report at a press conference today, Industry, Investment and Commerce Minister, Karl Samuda, said the fees charged by commercial banks are far greater than the actual cost of providing the services. He says this finding is in direct contrast to claims by some commercial banks that lower fees would result in job losses. Samuda says that while the charges are not illegal, the government would be analysing the operations of commercial banks to allow customers to make smarter choices. When contacted, President of the Jamaica Bankers' Association, Minna Israel said she could not respond because she has not seen the Fair Trading Commission report.
<span style="font-weight: bold"> Fair Trading Commission report ... ( Gleaner )...</span>
A report prepared by the Fair Trading Commission has revealed that Jamaican banks can afford to reduce user fee charges without affecting their operations. The study was in direct response to uproar regarding the high transaction fees charged by commercial banks. While outlining the findings of the report at a press conference today, Industry, Investment and Commerce Minister, Karl Samuda, said the fees charged by commercial banks are far greater than the actual cost of providing the services. He says this finding is in direct contrast to claims by some commercial banks that lower fees would result in job losses. Samuda says that while the charges are not illegal, the government would be analysing the operations of commercial banks to allow customers to make smarter choices. When contacted, President of the Jamaica Bankers' Association, Minna Israel said she could not respond because she has not seen the Fair Trading Commission report.