News & Analysis as of

Overdraft Fees Canada Banking Sector

Blake, Cassels & Graydon LLP

Consultation sur le plafonnement des frais d’insuffisance de fonds au Canada

Le 16 novembre 2024, le ministère des Finances a publié le projet de Règlement modifiant le Règlement sur le régime de protection des consommateurs en matière financière (le « projet de règlement ») et a lancé une période de...more

Blake, Cassels & Graydon LLP

Consultation on NSF Fee Restrictions: Proposed Amendments to the Financial Consumer Protection Framework Regulations

On November 16, 2024, the Department of Finance released Proposed Regulations Amending the Financial Consumer Protection Framework Regulations (Regulations) and opened a 30-day consultation period that closes on December 16,...more

Orrick, Herrington & Sutcliffe LLP

Large bank agrees to proposed settlement agreement; to be decided in February

On November 27, 2023, a large Canadian bank agreed to pay $15.9 million to accountholders in a proposed settlement agreement stemming from a class action suit in which the bank allegedly charged improper non-sufficient fund...more

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