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Consumer group files class-action suit against Banco Galicia

Argentine bank consumer association ACUBA has filed a class-action lawsuit against Banco de Galicia y Buenos Aires SA, according to a Dec. 7 regulatory filing.

The action is seeking "the nullity of the modifications and increases" on several items, including "commission on service maintenance of Galicia accounts" and "recovery management," due to noncompliance.

Banco Galicia said it is analyzing the case but that an unfavorable result for the bank would not have a serious effect on its operations.