Think Your New Online Banking Agreement Sucks? So Does a Contract Law Expert | CBC News

CBC

“Most of Canada’s five big banks — BMO, CIBC, RBC, Scotiabank and TD — recently updated their electronic banking agreements, so Go Public asked an expert to assess how well they balance the banks’ liabilities against customer protections. The news is not good for millions of customers. “They are so one-sided and benefit the banks to such a degree that there is no way that I would call these bargained agreements,” said Anthony Daimsis, a professor of contract law at the University of Ottawa.”