Class action lawsuit against Coast Capital | Your stories | Discussion forum

Interesting.
Sadly, it will, in the end, only hurt the members, whose rates and/or dividends will be negatively affected, even if CC wins, due to legal fees.

I predict that in future some FIs won't want to deal with BC residents, just as they now don't want to deal with QC, because of consumer laws. Ideally, I think consumer protection ought to be a national matter.

From what I understand if you "are or were" a Coast Capital customer you will be included in the suit. I did feel hosed by CC for using a USA ATM as not only do you pay the fee at the USA ATM, 2.5% exchange handling fee and as well CC charges another $5.00 for the withdrawal, while Vancity doesn't charge the $5.00 fee.

Just watch the new CC commercial she talks and says what is free and each time there is a ding sound. Then the ding sound continues because the toaster oven is overheated. It is a very slick subliminal message suggesting more is free. And also note all the "free" chequing posters in the branch...more subliminal advertising. A chequing account is the only thing that is free...but when you run out of cheques.....they are NOT free to refill. "FREE" at CC is not the case....they have a lot of sleazy fees....and am glad they have been caught.

I don't think this would be acceptable in any province.