In Bancroft, a class action involving allegedly improper credit card merchant fees, Justice Perell, on a motion to approve counsel fees, approved the contingency fee sought by class counsel.

In what some are appropriately calling a "sea change" in the Canadian credit card industry, the Competition Commissioner has formally announced that the Competition Bureau will no longer oppose duality of membership in credit card networks that operate in Canada.

The Financial Consumer Agency of Canada has recently issued the Commissioner’s Guidance to clarify three issues related to the Code of Conduct for the Credit and Debit Card Industry in Canada.

FCAC Issues New and Amended Code of Conduct Guidance.

In one of the most important cases of the year, the Supreme Court heard the appeal in Hopcraft, Johnson & Wrench earlier this month.

On June 7th, 2011, An act to combat consumer debt overload and modernize consumer credit rules (Bill 24) was tabled in the National Assembly of Québec.

New laws to regulate consumer loans and lines of credit that meet the definition of a "high-cost credit product" will come into effect in Manitoba on September 1, 2016.

On September 1, 2016, amendments to Manitoba's The Consumer Protection Act (CPA), enacted by The Consumer Protection Amendment Act (High-Cost Credit Products), will come into effect.

On February 16, 2017, the CFPB issued a Request for Information seeking feedback from the public on the use or potential use of alternative data and methodologies to assess consumer credit risk . . .

Credit card interest and freedom of contract recently came under scrutiny in a proposed class action, which was dismissed following a decision from the B.C. Court of Appeal.

Last month, the Credit Scoring Working Group of the Canadian Council of Insurance Regulators released a paper intended to seek the views of consumers and the industry regarding insurers' use of credit-based insurance scores. Specifically, the paper invited feedback regarding whether the potential risks surrounding the use of such scores have been fully identified and/or adequately addressed.

Bill 60, "An Act to amend the Consumer Protection Act and other legislative provisions", introduces a new regulatory framework in Québec for three types of contracts in an attempt to curb perceived abuses: contracts involving sequential performance for a service provided at a distance (such as cell phone contracts), extended warranty contracts, and contracts for the purchase of prepaid cards (gift cards).

On October 25, 2016, Bill C-29, Budget Implementation Act, 2016, No. 2, received first reading. Division 5 of Bill C-29 will, if passed, consolidate the consumer provisions under the Bank Act.

On April 1, 2007, Manitoba became the fifth province to bring into force new harmonized cost of credit disclosure rules, joining Alberta, Ontario, British Columbia and Saskatchewan.

On April 8, 2020, the US Federal Trade Commission ("FTC") published a business blog, titled "Using Artificial Intelligence and Algorithms" (the "FTC Blog").

The exact effects of Bill 59 are unknown until regulations are enacted, but, as presently drafted, certain provisions are broadly stated and require greater clarity.

In 2025, the British Columbia Legislature amended the Business Practices and Consumer Protection Act (BPCPA) to prohibit mandatory arbitration clauses in certain contracts...

Major amendments to the Québec Consumer Protection Act ("CPA") were adopted on November 15, 2017 by the Québec Legislature.

On November 15, 2017, the Act mainly to modernize rules relating to consumer credit and to regulate debt settlement service contracts, high-cost credit contracts and loyalty program...

The federal government is poised to regulate the commercial practices of credit and debit card networks if they do not adopt the "Code of Conduct for the Credit and Debit Card Industry in Canada" (the "Code") voluntarily by May 17, 2010.