Update: a proposed class action commenced.
The proposed class action against Scotiabank seeks damages for unlawful overcharging of interest and fees on automatically renewed Scotiabank mortgages.
As plead, Scotiabank has processed automatic renewals of mortgages without the knowledge, consent, or signature of mortgage borrowers, and has subsequently then charged the borrowers unlawfully high interest rates and fees.
The law firms of Landy Marr Kats LLP and Koskie Minsky LLP have commenced the proposed class action against Scotiabank.
If you are someone who has, or previously had, a Scotiabank mortgage or mortgage product that was automatically renewed, please email us at lawyers@lmklawyers.com