Credit Card Annual Fees Class Action

Credit Card Annual Fees Class Action

500-06-000870-176

Plaintiff alleged that the Bank of Montreal, The Toronto-Dominion Bank, JPMorgan Chase Bank National Association, the Royal Bank of Canada, Canadian Imperial Bank of Commerce, Bank of Nova Scotia and the Laurentian Bank of Canada violated section 8(2)(a) of the Negative Option Billing Regulations, as well as section 228 of Quebec’s Consumer Protection Act, by engaging in negative option billing practices. The Plaintiff has discontinued this putative class action and no release was given to the Defendants. This case is now closed.

All consumers who since July 4^th, 2013 (the “Class Period”), were charged an annual fee for their credit card, which was preceded by a determined period during which the annual fee was either waived (free) or discounted and then automatically renewed for an indeterminate term at the regular price as of July 4^th, 2013.

On September 15, 2020, the Court allowed the discontinuance of this class action and the case is now closed.

Judgment on Discontinuance against all Defendants – September 15, 2020

Judgment on Discontinuance against JPMorgan Chase Bank, National Association only – July 28, 2020

Judgment on Discontinuance against Amex Bank of Canada and Fédération des caisses Desjardins du Québec only – July 2, 2020

2nd Re-Amended Application to Authorize a Class Action – June 15, 2020