#GlobalNews: “CIBC to pay back 1.4 million credit card customers for years of incorrect fees – National” #Toronto #Montreal #Calgary #Ottawa #Canada


The Canadian Press

The Canadian Imperial Bank of Commerce is refunding 1.four million clients for improperly charging bank card charges over 14 years.

Lost your bank card? Some Canadian banks might maintain you absolutely liable

The nation’s fifth-largest financial institution says some bank card accounts in Canada might have been incorrectly charged a price for exceeding the credit score restrict between 2003 and 2017.

Higher insurance coverage premiums had been additionally charged on non-compulsory creditor insurance coverage.

Refunds are being made with curiosity.

Average refunds of about $50 will probably be issued till October.

CIBC is notifying affected present and former shoppers straight.

© 2018 The Canadian Press

Note: “Previously Published on: 2018-08-03 14:19:08, as ‘CIBC to pay again 1.four million bank card clients for years of incorrect charges – National’ on GLOBALNEWS CANADA. Here is a supply hyperlink for the Article’s Image(s) and Content”.

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