We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close
Focus On
NEW In-House Counsel | Insurance | Intellectual Property | Immigration | Natural Resources | Real Estate | Tax
Story image

B.C. Court of Appeal rules against credit unions in overdraft charge class action

Wednesday, April 11, 2018 @ 9:29 AM | By Ian Burns

The B.C. Court of Appeal has upheld a class action judgment against a number of British Columbia credit unions, saying charges they levied for overdrafts did not fall under the Criminal Code’s provisions on overdraft charges but were in fact interest.

The decision in Bodnar v. Community Savings Credit Union 2018 BCCA 121, involves a complaint by lead plaintiffs Andrew Bodnar and John Humphrey that the fees charged by the credit unions up to 2004 constituted interest under s. 347 of the Code. The Code defines an...