Published on February 1, 2017
Posted in: News, Prepaid Credit Cards
January 31, 2017 – Justice Perell of the Ontario Superior Court of Justice certified a class action against Peoples Trust Company and Peoples Card Services LLP. The case, brought on behalf of thousands of Ontario consumers alleges that prepaid “credit” cards issued by the Peoples Trust Company violate the Ontario Consumer Protection Act by charging illegal fees and seizing “expired” balances. The case will now proceed to a hearing on the merits. Click here to read a copy of the certification decision.