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Argentine consumer watchdog files class-action against BBVA Banco Francés

Argentine consumer defense association ADUC has filed a class-action lawsuit against BBVA Banco Francés SA over an insurance product that was allegedly illegitimately tied to financial services, according to a regulatory filing from the Buenos Aires-based bank.

Banco Francés said it is studying the content and the implications of the lawsuit, but noted that the case will not significantly affect its operations.