Mercado Pago Faces a Demand to Collect Interest of More than 1300% per Year
6 Articles
6 Articles
The virtual wallet Mercado Pago was denounced for the alleged collection of abusive interests, which exceed 1300% per year. An eventual favorable ruling could benefit some 7 million people in Argentina. The file, promoted by the lawyer Diego Espasandín, founder of the Association of Financial Consumers of the Argentine Republic (ACFRA), processes [...]
A lawsuit filed before the Court questions the interest applied by Mercado Pago in its credit lines and claims to review collections of the last three years. The Association of Financial Consumers of the Argentine Republic maintains that some rates exceeded 1300% per year and seeks that a possible judgment has collective reach. The case file [...]
A possible favorable ruling could benefit 7 million people in the country. The platform Mercado Pago was denounced for the alleged collection of abusive interests, which exceed 1300% per year, and a possible favorable ruling could benefit some 7 million people in Argentina. The file, promoted by the lawyer Diego Espasandín, founder of the Association of Financial Consumers of the Argentine Republic (ACFRA), processes in Court No. 24 of the City …
Justice investigates alleged abusive collection of funds and a favorable sentence would benefit 7 million users
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