CIBC Agrees to Settle NSF Fee Class-Action Case for $10 Million
The Canadian Imperial Bank of Commerce, commonly known as CIBC, has agreed to pay $10 million as part of a proposed settlement in a class-action lawsuit involving non-sufficient funds fees, also known as NSF fees. The case focused on how CIBC charged fees on certain pre-authorized debit transactions that were submitted more than once. What the Class-Action Lawsuit Was About The … Read more