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Consumer watchdog files class-action suit against Argentina's Santander Río

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Consumer watchdog files class-action suit against Argentina's Santander Río

Argentine consumer defense association ADUC has filed a class-action lawsuit against Banco Santander Río SA over alleged exchange differences in the acquisition of foreign currency and demanding cancellation of purchases made with debit and credit cards abroad, the bank said in a regulatory filing.

The bank said it was preparing arguments against the case. ADUC, and other consumer groups, have filed multiple suits against banks in Argentina in recent months over allegations of unjust fees for varied products and services.