Welcome to the official website for the Credit Card Class Actions.


Update:

Settlements with National Bank, Visa, and Mastercard were approved by courts in British Columbia, Alberta, Saskatchewan, Ontario, and Quebec. Appeals have been dismissed and the Settlements are now final.

A new settlement has been reached with the remaining defendants (Royal Bank, Canadian Imperial Bank of Commerce, Bank of Montreal, Toronto-Dominion Bank, and Bank of Nova Scotia). Further information about that Settlement will be posted on this website shortly.

If you have any questions, please contact the class lawyers at lawyer@CreditCardSettlements.ca. You can also register to receive updates by clicking here.

The Credit Card Class Actions

Class action lawsuits were commenced in British Columbia, Alberta, Saskatchewan, Quebec, and Ontario (collectively, the “Credit Card Actions”) against Visa Canada Corporation (“Visa”), Mastercard International Incorporated (“Mastercard”), and certain banks which issue credit cards (“Issuing Banks”) alleging each of Visa and Mastercard conspired with their issuing Banks and Acquirers in setting the amount of interchange fees and imposing rules restricting merchants’ ability to surcharge or refuse higher cost Visa and Mastercard Credit Cards. The actions in BC and Quebec were certified as class proceedings.

The Settlements

Settlements have been approved with Citibank, Capital One, Bank of America, Fédération des caisses Desjardins du Québec, Visa, and Mastercard. A new settlement has been reached with the remaining defendants: Royal Bank of Canada, Canadian Imperial Bank of Commerce, Bank of Montreal, Toronto-Dominion Bank, and the Bank of Nova Scotia. This Settlement must be approved by the Courts. Check this website for updates on the approval process for the new settlement.