Galicia unit Banco Galicia faces collective lawsuit over alleged card replacement fees
GGAL•Collective lawsuit over card replacement fees
Banco Galicia was notified of a collective lawsuit tied to HSBC Bank Argentina, which it succeeded following the HSBC–Banco GGAL transition.
The claim seeks refunds for alleged improper “replacement” fees charged to reissue debit or credit cards reported stolen.
Banco Galicia expects no material impact on its financial position or operations if the case is resolved unfavorably.
