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Credit Card Foreign Transaction Fee Lawsuit
Posted 05 December 2007 - 09:52 AM
The lawsuit is about the price cardholders of Visa-, MasterCard-, or Diners Club-branded payment cards were charged to make transactions in a foreign currency, or with a foreign merchant, between February 1, 1996 and November 8, 2006. Plaintiffs challenge how the prices of credit and debit/ATM card foreign transactions were set and disclosed, including claims that Visa, MasterCard, their member banks, and Diners Club conspired to set and conceal fees, typically of 1-3% of foreign transactions, and that Visa and MasterCard inflated their base exchange rates before applying these fees. The Defendants include Visa, MasterCard, Diners Club, Bank of America, Bank One/First USA, Chase, Citibank, MBNA, HSBC/Household, and Washington Mutual/Providian. They deny the Plaintiffs' claims and say they have done nothing wrong, improper, or unlawful.
You either get $25 or submit another form detailing how much you spent. Not sure how much you'd get from doing that.
anyone else receive a form? you can also print a form online from http://ccfsettlement.com/
Posted 05 December 2007 - 11:51 AM
Posted 05 December 2007 - 03:55 PM
UngsungBlog: a (fantasy) sports blog, with some other stuff sprinkled in (updated 7/22)
Posted 09 December 2007 - 12:29 PM
Posted 09 December 2007 - 09:03 PM
Refund Option 2 is a Total Estimation Refund that is based on typical spending during travel and answers to the few questions listed on the claim form. This option is recommended if you traveled outside the U. S. for more than one week or had foreign transactions of more than $2,500 using your eligible cards during the class period.
Option 2 seems relatively easy too.
If you elect to file a Refund Option 2 claim form, you must complete and send to the Settlement Administrator a Refund Option 2 claim form. The Settlement Administrator will determine the appropriate refund amount based on the information you provide in your Refund Option 2 claim form. Please note that a refund for a Refund Option 2 claim form will not be less than the amount distributed to claimants who file the Refund Option 1 claim form.
I'm guessing you should have backup documentation to substantiate your claim for this one. Even though you don't need to send any in. At least something that shows you traveled outside the country for the length of time you declared.
Posted 09 December 2007 - 09:10 PM
Posted 10 December 2007 - 08:37 AM
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Posted 24 December 2007 - 10:54 AM
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Posted 01 March 2009 - 06:46 AM
Posted 01 March 2009 - 08:53 PM
Current Status - In re Currency Conversion Fee Antitrust Litigation (MDL 1409)
The current status of this class action settlement is that a decision to grant final approval of the settlement is pending before the Court. The issuance of refund checks for valid timely claims will not commence until after the Court enters an order granting final approval of the settlement, any potential appeals are resolved, and the Settlement Administrator has validated the claims. At this time, the Court has not yet issued a final approval order. A notice will be posted to this website once the Court issues an order.
With the expiration of the claims submission period, on May 30, 2008, the Settlement Administrator has commenced the process of auditing and validating claims. Please be advised that any claims postmarked or faxed after May 30, 2008 will be considered late. Also, any changes to your address or contact information should be sent in writing to the Settlement Administrator.
Please continue to check this website for additional information about the settlement and claims administration as it becomes available.
If you have a question you would like to send to the Settlement Administrator, please use the Contact Us page of this website, or write to the Settlement Administrator at P. O. Box 290, Philadelphia, PA 19105-0290. The telephone service, 1-800-945-9890, is for information purposes only and a live operator is not available.
Click Here to Proceed
Current status last updated February 24, 2009.
Posted 02 March 2009 - 10:27 AM
Posted 01 December 2011 - 05:15 PM
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