Prepaid Credit Cards
This case alleges that the defendants breached Ontario’s consumer protection laws by extracting unauthorized and illegal fees from the prepaid credit cards they sold.
The defendants are financial service providers that issue pre-paid payment cards. The defendants imposed a series of fees that the plaintiff alleges are illegal and unenforceable. In addition, the defendants imposed expiry dates, after which balances are seized. The plaintiff alleges that these practices are also illegal.
The case has been certified by the Court as a class action.
You are automatically included in the class if you had a prepaid card from the defendants between 2012 and 2014.
See Updates section on this page for recent developments in the case.
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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.
- November 29, 2013: Sotos LLP and Sack Goldblatt Mitchell LLP, co-counsel for the proposed class, filed a Statement of Claim in the Ontario Superior Court of Justice.