Notice to members – Bank AMEX of Canada

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 against AMEX and several other financial institutions.

The class actions cover the following practices related to AMEX credit cards:

1. The absence of a complete 21-day grace period;
2. The charging of credit fees in the absence of a 21-day grace period;
3. The charging of over-limit fees; and
4. The charging of cash advance fees.

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