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Class Action

In 2004 and 2006, we filed a Class Action lawsuit against certain financial institutions that issue credit cards.

In November 2006 and October 2007, Justice Clément Gascon of the Québec Superior Court authorized these Class Actions against the following financial institutions:

* Amex Bank of Canada
* Canadian Tire Bank
* Canadian Imperial Bank of Commerce
* President’s Choice Bank
* Citibank Canada
* Laurentian Bank of Canada
* MBNA Canada
* Bank of Montreal
* National Bank of Canada
* Bank of Nova Scotia
* Royal Bank of Canada
* Toronto Dominion Bank
* Fédération des Caisses Desjardins du Québec NOTICE TO MEMBERS

These institutions contravened the Consumer Protection Act not only by requiring consumers to pay credit charges, but also charges for cash advances. The purpose of the Class Action is to have these credit charges abolished and to repay consumers who were charged for cash advances.


Members
You are a member of this Class Action if you paid charges for cash advance transactions in Canada or abroad:

• With your Canadian Tire Bank card between October 1, 2001 and September 30, 2010. (Class action n° 500-06-000249-041)
  
• With your Bank of Montreal, Royal Bank of Canada, Toronto Dominion Bank, Fédération des Caisses the Desjardins du Québec, Canadian Imperial Bank of Commerce, Bank of Nova Scotia, National Bank of Canada, Laurentian Bank of Canada, Amex Bank of Canada, Citibank Canada, MBNA Canada or the President’s Choice Bank, between October 4, 2001 and September 30, 2010. (Class action n° 500-06-000373-064)

Progress of the Class Action
The Superior Court has authorized us to sue certain financial institutions. This lawsuit could take a few years. We recommend that you follow developments in this case by consulting the newspapers and our Web site.

We suggest you keep all the account statements that show that you experienced this problem. In addition, we invite you to fill out this form.

• Class action against Fédération des Caisses Desjardins du Québec
  On 2011, August 24th, The Superior Court of Quebec will hold a hearing to determine if it will approve the Settlement Agreement.
  This Settlement Agreement may have an impact on your rights whether you act or not.
  Please read carefully this Notice