This proposed class action concerns the provision of ATM Foreign Exchange Services by Coast Capital to its members. The plaintiff claims that Coast Capital imposed an undisclosed surcharge on top of the exchange rate set by the Plus System or the Cirrus System when Class members used their Coast Capital member cards to make withdrawals from their Coast Capital personal accounts at ATMs outside Canada. The Plaintiff claims that Coast Capital is liable pursuant to the British Columbia Business Practices and Consumer Protection Act, the Federal Competition Act, the law of contract and restitution.
Read the Amended Notice of Civil Claim
The named defendants are: Coast Capital Savings Credit Union
On October 20, 2017, the Court of Appeal released the reasons for judgement upholding certification of the case as a class proceeding. You can access this decision by clicking on the link below.
On March 31, 2016, this action was certified as a class proceeding. The details are contained in Mr. Justice Masuhara’s Reasons for Judgement and the entered court order listed below.
For more information please contact Aisling Slevin, Paralegal at 604.331.9536 or by email at [email protected]
Coast Capital Forex: Proposed Foreign Currency Surcharge Class Action - View