National Class Action Filed against Prepaid Credit Card Companies

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PORT COQUITLAM, BC, Sept. 23, 2014 /CNW/ - Munroe & Company, Barristers & Solicitors, in cooperation with Branch MacMaster LLP, has filed a proposed national class action in the Supreme Court of British Columbia on behalf of a consumer who purchased "The Perfect Gift" Visa gift card.  The card purports to expire and charge activation and monthly fees, all of which is contrary to BC consumer protection laws.  The lawsuit claims, among other things, the return of all expired balances and all fees charged to Canadian consumers since November 1, 2008.

The lawsuit seeks class action status on behalf of all consumers in Canada, including Québec.  An estimated $2.7 billion of Visa, MasterCard, and American Express branded prepaid cards are issued annually in Canada.  This industry is growing at an annual pace of 30%.

Peoples Trust, American Express, Vancity, Citizens Bank, and All Trans Financial are defendants.

Munroe & Company has filed a similar proposed class action in Saskatchewan.

SOURCE: Munroe & Company

For further information: visit Garrett Munroe and Simon Lin are lead counsel.


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