Ontario Superior Court approves $15.9M settlement for TD Bank in class-action lawsuit over double NSF fees.

The $15.9 million settlement of a class-action lawsuit related to TD Bank Group's non-sufficient fund fees has been approved by an Ontario Superior Court. The lawsuit focused on whether TD properly informed customers that they could be charged the fee twice for the same purchase. Around 105,000 people who had been double-charged should receive compensation, while TD has also agreed to amend some of its practices regarding these fees.

February 16, 2024
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