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Axos Says Money Market Account Suit Should Be Arbitrated

By Katryna Perera (June 5, 2024, 8:32 PM EDT) -- Axos Bank has urged a California federal judge to either toss or force into arbitration a proposed class action alleging it reclassified customers' high-yield money market accounts into lower-yield investment accounts without informing them, saying federal law allows banks to offer accounts with variable rates that the bank can change at its discretion....

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