MBNA Canada and RBC Credit Cards

Class action description

Cancellation and restitution of credit charges and punitive damages (absence of grace period, unilateral credit limit increase, cash advance fees, over the limit fees).

Group description

500-06-000375-069 Any consumer holder of a credit card from RBC, MBNA Canada or Citibank Canada and, since August 2nd , 2000, have paid credit charges without the benefit of a 21 day grace period in which to pay their monthly instalments, as prescribed in the Consumer Protection Act 500-06-000373-064 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. 500-06-000372-066 Any consumer holder of a credit card from the Royal Bank of Canada, National Bank of Canada, Canadian Imperial Bank of Commerce, Citibank of Canada or MBNA Canada, who since January 12th, 2001, without expressly having asked for it, have been granted an increase of the amount of the credit extended to them, and who have since then used their increased variable credit ; and Any consumer holder of a credit card from the Bank of Montreal, the Royal Bank of Canada, the Canadian Imperial Bank of Commerce, MBNA of Canada, Amex Bank of Canada or Scotia Bank and who have paid, since January 12th, 2001, for over-the-limit fees

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 20th 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 – May 30th 2008: Filing of the motion to institute proceedings with particulars – February 15th 2010: Filing of the Defences – April, 2014: Agreement in principle with MBNA and RBC (to be approved by the Court)

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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