Credit Cards (cash advances charges)

Class action description

Cancellation and restitution of charges for advances of funds and punitive damages.

Group description

Any consumer holder of a credit card from with Banque Amex du Canada, or Canadian Imperial Bank of Commerce, Royal Bank of Canada, National bank of Canada, Bank of Nova-Scotia, Banque Laurentienne du Canada, Banque Le choix du Président, Toronto Dominion Bank, Bank of Montreal, Citibank Canada, Fédération des Caisses Desjardins du Québec and MBNA Canada, who have since October 4th, 2001, paid fees for cash advances for transactions in Canada and abroad.

If you think you are part of this group, we invite you to submit your information and comments in order for us to generate a directory of members.

We are inviting you to visit our website on a regular basis in order to be updated on the current case.

Chronology

– December 7th 2006: Filing of the motion to institute the class action

– October 25th 2007: Judgment granting the motion to institute the class action

– December 7th 2007: Filing of the motion to institute proceedings

– July 28th 2008: Filing of the motion to institute proceedings with particulars

– February 12, 15 16 and 17th 2010: Filing of the Defences

– April 9th 2010: Amended Defence of Amex Bank of Canada

Notices and News

Notice to Members - Amex Bank of Canada

2017/02/14
Option consommateurs and Amex Bank of Canada (“AMEX”) have reached an agreement in three class actions and one motion for leave to bring a class action filed in Quebec against AMEX and several other financial institutions.

Notice to Members - Canadian Imperial Bank of Commerce

2017/02/14
Option consommateurs and Canadian Imperial Bank of Commerce (“CIBC”) have reached an agreement in two class actions and one motion for leave to bring a class action against CIBC and several other financial institutions. The class actions allege that CIBC engaged in the following practices related to CIBC credit cards.

Notice to Members - President's Choice Bank and Bank of Nova Scotia

2017/02/14
A settlement has been concluded, subject to the approval of the Court, between Option consommateurs, the Bank of Nova Scotia and President’s Choice Bank (‎collectively the “Banks”) in the context of a class action launched by Option consommateurs against the Banks regarding the calculation of fees applied to certain transactions involving a credit card, namely the over-the-limit fees and the cash advance fees. A hearing will take place at the Court house of Montreal on October 26th 2016 at 9:30 a.m. in room 2.08 to obtain the approval of the Settlement Agreement in the class action. Please read the documents below.
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