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

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The Canadian Press

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


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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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