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BANKING - Deposits - Debtor-creditor relationship - Deposit accounts - Payment cards

Friday, December 01, 2017 @ 9:02 AM  

Appeals by All Trans Financial Services Credit Union Limited (All Trans) from orders made by the Financial Institutions Commission (Commission). The orders required All Trans to cease the sale of certain prepaid Visa cards and MasterCard cards issued to British Columbia consumers. The cards, once purchased and activated, allowed the cardholder to use the card at retail locations to purchase goods and services anywhere where Visa or MasterCard was accepted. Cardholders could also register cards to activate additional features, including the ability to reload funds onto...