Axos Says Money Market Account Suit Should Be Arbitrated https://www.law360.com/capitalmarkets/articles/1844642?nl_pk=abe82add-2a33-4388-8f7e-63d76e8f5534&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2024-06-06&read_main=1&nlsidx=0&nlaidx=9 By Katryna Perera 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. Memorandum attached | Read full article » https://www.law360.com/capitalmarkets/articles/1844642?nl_pk=abe82add-2a33-4388-8f7e-63d76e8f5534&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2024-06-06&read_more=1&nlsidx=0&nlaidx=9 | Save to favorites » https://www.law360.com/capitalmarkets/articles/1844642?nl_pk=abe82add-2a33-4388-8f7e-63d76e8f5534&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2024-06-06&read_later=1&nlsidx=0&nlaidx=9