If you’re a TD Bank customer, you may be entitled to part of a $15.9 million settlement due to a recent class action lawsuit . In December, the law firm Koskie Minky LLP announced that a proposed settlement had been reached for a class action lawsuit regarding repeated non-sufficient funds (NSF) fees. The lawsuit alleged that customers were being charged multiple NSF fees without proper notification that this was a possibility.
TD Bank has denied liability, but agreed to settle after mediation in August. The proposed settlement of $15.9 million hasn’t been approved yet—on February 12, a hearing will be held to decide if it will be approved. If approved, TD will deposit funds owed directly into the bank accounts of eligible class members, meaning that if you’re eligible, you don’t have to do anything to collect your piece of the pie.Adam Tanel, a partner at Koskie Minsky, said that they were happy class members wouldn't have to "jump through any additional hoops."“It took a lot of work, on both sides, to get this deal done. We’re pleased with the outcom
TD Bank Settlement Class Action Lawsuit NSF Fees Hearing
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of Canada Expected to Cut Interest Rate by 2025The Bank of Canada is predicted to cut its policy interest rate to 2.25% by 2025, reducing the current rate of 5% by more than half. This would be beneficial for borrowers with high mortgage payments. Home sale numbers have decreased due to high interest rates.
Source: storeyspub - 🏆 16. / 74 Read more »
S&P 500 Calls for 2024 Reflect Limited Increase for StocksMany strategists' S&P 500 calls for 2024 already reflect a limited increase for stocks next year. The median target among the 20 Wall Street strategists tracked by Bloomberg shows the benchmark index finishing 2024 at 4,850, less than 2% higher than where the benchmark closed 2023. Strategists at Goldman Sachs already boosted their 2024 target to reflect the recent run-up in stocks and the shift to a more dovish Fed., with year-end targets of 5,200 for the S&P 500, reflecting about 9% upside from the 2023 close. Meanwhile, the lowest call on the Street for 2024 isthat the S&P will sink to 4,200, which would mark a 12% decline for the benchmark index in 2024.Those that either see the economy not entering a recession at all, or believe that outcome has been talked about so much it won't entail much impact for stocks, predict the S&P 500 hits at least 5,000 in 2024. That camp includes firms like Oppenheimer, Fundstrat, Goldman Sachs, Deutsche Bank, and Bank of America. and causes mass hysteria over it
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Blackstone and Oaktree Burned by Morgan Stanley's Block-Trade LeaksBlackstone and Oaktree Capital Management have suffered losses due to leaked information about Morgan Stanley's block trades. HDFC Bank has reported a quarterly profit that exceeds analysts' expectations. JPMorgan is hiring staff to expand its private-asset business in Canada. The European Central Bank is likely to cut interest rates, according to Villeroy, but the timing is uncertain. Chinese cobalt buyers are taking advantage of the global glut to negotiate lower prices. Despite Houthi missile attacks, Russian oil is still being transported through the Red Sea. Shell plans to sell its onshore oil business in Nigeria for $1.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Surprise Hits: Mortgage-Related Investments in 2024Despite the challenging economic conditions, there are predictions that mortgage-related investments could perform well in 2024. This article discusses the potential success of mortgage originator stocks and the confidence in the mortgage market shown by alternative lender Equitable Bank.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »
Canadians Cut Back on Spending Amid Higher Borrowing Costs, Survey ShowsBank of Canada survey reveals Canadians are reducing spending due to higher borrowing costs and rising prices. Financially vulnerable households are experiencing higher levels of financial stress.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Gamers Gather for E-Sports Tournament, Ron DeSantis Drops Out of Primary RaceGamers gather for in-person e-sports tournament in Calgary. Ron DeSantis drops out of the primary race, highlighting Trump's influence. TD Bank customers may be entitled to a settlement. Sarah, the Duchess of York, diagnosed with malignant melanoma.
Source: CTVCalgary - 🏆 26. / 68 Read more »