trending Market Intelligence /marketintelligence/en/news-insights/trending/-N2wZOoNgviIBt1-OX8juQ2 content esgSubNav
In This List

Argentine consumer watchdog sues Banco Columbia for fees tied to life insurance

Blog

Commercial Banking: June 22nd Edition

Blog

Commercial Banking Newsletter June Edition - 2022

Podcast

Street Talk | Episode 96: Considering recession risks, prospects that the Fed achieves a 'soft landing'

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push


Argentine consumer watchdog sues Banco Columbia for fees tied to life insurance

Argentine consumer defense association ADUC has filed a class-action lawsuit against Banco Columbia SA, according to a filing.

The ADUC is questioning the fees levied by the bank for life insurance and, more so, the terms associated with the fees, including "life insurance" and "total permanent disability," among others. The association said this practice is in violation of the law regarding credit products.

Banco Columbia said it is further analyzing the content and implications of the case in order to craft its response.