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

If you accepted Visa or MasterCard credits cards as payment for goods or services after March 23, 2001, your rights could be affected by a proposed national class action settlement with Fédération des caisses Desjardins du Québec.

Class action lawsuits were commenced in British Columbia (the “BC Action”), Alberta, Saskatchewan, Quebec and Ontario (collectively, the “Credit Card Class Actions”) against Visa Canada Corporation (“Visa”), MasterCard International Incorporated (“MasterCard”) and certain banks that 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 (“Acquirer” is an organization or person that entered into a contract with a merchant for the provision of Visa Credit Card or MasterCard Credit Card services and charging Merchant Discount Fees, including Interchange fees in Canada). The BC Action was certified as a class proceeding as against all defendants except for the Fédération des caisses Desjardins du Québec (“Desjardins”).

Although Desjardins denies liability, it has reached a national settlement with the plaintiffs (the “Desjardins Settlement”), subject to approval of the courts in British Columbia, Alberta, Saskatchewan, Quebec and Ontario (the “Courts”). Desjardins will pay CAD $9,900,000 (the “Settlement Amount”) for the benefit of the Settlement Class Members (see below) and provide cooperation that will assist with prosecuting the ongoing actions against the non-settling defendants in exchange for a full release of claims against it and its related entities.

If the Desjardins Settlement is approved, the Class Lawyers will ask the Courts to approve the deduction of certain amounts (collectively, the “Court-Approved Expenses”) from the Settlement Amount, including costs incurred to distribute the Notice and process opt-out requests, comments and objections, a counsel fee of up to 25% of the recovered amounts, and disbursements.

As the Credit Card Class Actions will continue as against the other defendants, it is proposed that the amounts remaining from the Settlement Amounts after deduction of all Court-Approved Expenses be held in trust for Settlement Class Members pending receipt of further settlements or awards that may justify a distribution effort, or conclusion of the Credit Card Class Actions. At such time, a distribution protocol will be created and submitted to the Courts for approval, and further notice will be provided to Settlement Class Members. If you would like to receive direct notice of any distribution efforts, please register here, or contact one of the Class Lawyers.

DO NOTHING If you fall within the Settlement Class, including the Quebec Settlement Class, and wish to participate in the Desjardins Settlement and in the continuing Credit Card Class Actions, you do not need to do anything at this time.
  1. Quebec Settlement Class Members:
    The deadline for Quebec Settlement Class Members to opt out of the Desjardins Settlement or the Credit Card Class Action in Quebec is May 21, 2016. Quebec Settlement Class Members who opt out will not be bound by the Desjardins Settlement or its releases, but will also not be entitled to share in any of the proceeds that may become available to merchants as part of the Desjardins Settlement. Quebec Settlement Class Members who opt out will also not be entitled to participate in the continued prosecution of class action in Quebec or future settlements.
  2. All other Settlement Class Members:
    For all other Settlement Class Members, the deadline to opt out of the Settlements for the British Columbia, Alberta, Saskatchewan and Ontario actions has already expired. You can no longer opt-out of the British Columbia, Alberta, Saskatchewan and Ontario class actions.
OBJECT TO THE SETTLEMENT Write to the Court explaining why you don’t like the Desjardins Settlement.
GO TO THE SETTLEMENT HEARING Ask to speak in Court about the Settlements.

These rights and options, and the deadlines to exercise them, are explained in more detail in the Notice.

The Courts overseeing these Settlements still have to decide whether to approve the Settlements. Settlement Benefits will be provided if the Courts approve the Settlements and after any appeals are resolved.