CIBC agrees to settle NSF fee class-action case, will pay $10 million

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TORONTO — Canadian Imperial Bank of Commerce has agreed to pay $10 million in a proposed settlement of a class-action lawsuit regarding non-sufficient funds fees.

The case took issue with CIBC’s practice of charging NSF fees on re-presented pre-authorized debit transactions between Sept.

21, 2020 and May 31, 2024.

CIBC does not admit any liability […] ...

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CIBC agrees to settle NSF fee class-action case, will pay $10 million

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