trending Market Intelligence /marketintelligence/en/news-insights/trending/1S9kDYQxX9UlkMmYDzY1eA2 content esgSubNav
In This List

Argentina's Banco Columbia sued over credit card fees

Blog

Banking Essentials Newsletter: July 10th Edition

Blog

Enabling Growth in the EMEA Loan Market

Podcast

Masters of Risk | Episode 12 - Women's Panel

Blog

Banking Essentials Newsletter: June 26th Edition


Argentina's Banco Columbia sued over credit card fees

Consumer association Consumidores Financieros, Asociación Civil para su Defensa has filed a class action lawsuit against Banco Columbia SA over credit card commissions, according to an Aug. 3 statement.

The association alleges that the bank inserted a clause in credit card contracts by which it collected "agent commissions" of 6.50 Argentine pesos when customer use Rapipago and Pagofácil payment services. The class action calls for the removal of said fee.

Banco Columbia said it was analyzing the demand and would not officially respond to it immediately.

As of Aug. 3, US$1 was equivalent to 17.63 Argentine pesos.