TD Bank motion to dismiss U.S. credit card class action rejected by judge By Reuters

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2/2 © Reuters. FILE PHOTO: Customers use Toronto Dominion (TD) Bank ATM cash machines under video information screens showing a computer error in Toronto, Ontario, Canada June 24, 2017. REUTERS/Chris Helgren 2/2 (In fourth paragraph corrects to unsecured from secured) TORONTO (Reuters) - A U.S. judge on Wednesday rejected a request by Toronto-Dominion Bank to dismiss a class action lawsuit brought in December by credit card customers who alleged the lender did not adhere to the terms of their agreement. Customers who obtained TD credit cards secured by a frozen deposit between 2016 and 2019 were told that if they did not default on payments for seven months, they may be eligible to automatically "graduate" to an unsecured credit card. This did not happen, according to documents filed with the United States District Court in New Jersey. The plaintiffs, who are seeking damages of at least $5 million (C$6.3 million) from the Canadian bank, allege that, despite maintaining
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