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Santander Río hit with lawsuit over stamp tax collection

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Santander Río hit with lawsuit over stamp tax collection

Argentine consumer defense association ADUC has filed a class-action lawsuit against Banco Santander Río SA alleging that the bank unfairly collected a stamp tax in certain transactions with customers in Buenos Aires.

Santander Río said it is studying the content and the implications of the lawsuit, but it did not disclose any additional details.