Undisclosed Fee Cases Continue To Attract Class Actions

Over the past few years financial institutions and companies in other perceived "deep pocket" industries, like telecommunications, have become targets for class actions in regard to fees charged that are alleged to have not been adequately disclosed. Many of these claims have been grounded in breach of contract and/or breach of consumer protection legislation. Most of these claims have been certified.

We previously reported on this emerging trend in 2014. See previous blog post here: Undisclosed Fees Continue to Attract Class Actions

The trend continues.

In the recently released decision of Finkel v. Coast Capital Savings Credit Union,¹ the British Columbia Supreme Court certified an action seeking damages from Coast Capital in relation to undisclosed foreign currency charges. The plaintiff alleges that Coast Capital charged undisclosed surcharges to its members who made foreign currency withdrawals from their personal Coast Capital accounts through ATMs on