
12-28-2009, 10:48 AM
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Location: Georgia, on the Florida line, right above Tallahassee
10,474 posts, read 14,516,698 times
Reputation: 6378
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CCFSettlement.com - Home
As one of the people who was affected by this, It's relevant to my interests. (Full disclosure, I'm one of the class action members.)
Maybe you were affected, too. If you made any foreign transactions with a credit or debit card.
Probably be in appeals for 15 more years, HA> I don't think it's too late to get your money, tho.
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Subject to final Court approval, a settlement has been reached in In re Foreign Currency Conversion Fee Antitrust Litigation (MDL 1409). This web site supplies information about the litigation and the settlement, and provides links to relevant documents for Members of the Settlement Classes and others interested in the settlement.
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.
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Defendants have created a settlement fund of $336,000,000 to pay valid claims, attorneys' fees and expenses, any service awards to class representatives ordered by the Court, and the costs of administering the settlement and notice.
That's the interesting part.
They have chosen to settle this case to avoid the inconvenience, expense and uncertainty of litigation.
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12-28-2009, 01:09 PM
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20,194 posts, read 21,553,888 times
Reputation: 9234
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I am part of the class action member as well... still haven't seen any money or received any notice... I did move but all mail was forwarded to my new address... doubt I will see a dime...
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12-29-2009, 10:47 AM
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9,840 posts, read 20,522,642 times
Reputation: 7667
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I think it's been over two years since I filed everything. Looks like they still need a final approval on the settlement.
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12-29-2009, 10:58 AM
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4,010 posts, read 9,294,284 times
Reputation: 1595
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Yeah I did this too and got JS.
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11-16-2011, 09:17 PM
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1 posts, read 4,524 times
Reputation: 11
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i just received a check for $18.04 today.
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11-22-2011, 01:06 PM
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9,840 posts, read 20,522,642 times
Reputation: 7667
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Yep I got a check the other day, so looks like it's all done and over with.
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11-22-2011, 05:59 PM
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Location: Metro Detroit, Michigan
18,078 posts, read 16,531,873 times
Reputation: 17999
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How can I go about making a claim? I know I withdrew money from ATMs in Canada years ago, as well as made purchases. Without any receipts or anything, what proof would I have?
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11-22-2011, 07:14 PM
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20,194 posts, read 21,553,888 times
Reputation: 9234
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I fired off an email and see where my money is...
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11-23-2011, 12:58 AM
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Location: Carmichael, CA
2,106 posts, read 3,524,814 times
Reputation: 3475
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I got a check for $18. also. The only ones who make money on class action lawsuits are the attorneys.
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11-23-2011, 02:02 PM
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1 posts, read 4,101 times
Reputation: 11
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I have $18.04 today too, its in my father's name and he died. How do I cash it.
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