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.
The class actions cover the following practices related to AMEX credit cards:
1. The charging of credit fees in the absence of a 21 day grace period;
2. The charging of over-limit fees; and
3. The charging of cash advance fees.
A hearing will take place at the Court house of Montreal on December 21, 2016 at 9h00 in room 2.08 to obtain the approval of the agreement in the class action. Please read the documents below.