topic Re: ccfsettlement.com (Currency Conversion Fee Antitrust Litigation) in General Credit Topics

ccfsettlement.com (Currency Conversion Fee Antitrust Litigation)

Anonymous — Thu, 06 Dec 2007 03:49:59 GMT

Did anyone else receive this in the mail?

I've spent quite a bit of money in foreign transactions during this period of time so I will do my best to gather the information and complete the annual estimation refund.

www.ccfsettlement.com

"Currency Conversion Fee Antitrust Litigation (MDL 1409)

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."

Re: ccfsettlement.com (Currency Conversion Fee Antitrust Litigation)

Anonymous — Thu, 06 Dec 2007 05:20:07 GMT

Yes busy, DH got one yesterday. Told him to file, and perhaps he'll see that $25.00 out of it.

Re: ccfsettlement.com (Currency Conversion Fee Antitrust Litigation)

fishbjc — Thu, 06 Dec 2007 14:20:28 GMT

I received the same. I'm definitely looking forward to receiving that $25!

Re: ccfsettlement.com (Currency Conversion Fee Antitrust Litigation)

Anonymous — Thu, 06 Dec 2007 20:35:18 GMT

My DH got one yesterday as well. He traveled out of the country but it was before the dates they mentioned. He completed his form online. I also traveled and used my credit card in Mexico in 95' but I didn't get one of these.

Re: ccfsettlement.com (Currency Conversion Fee Antitrust Litigation)

Anonymous — Fri, 07 Dec 2007 01:05:45 GMT

I traveled out of the country last year. Never gonna get an email though. I used good old cash. I wonder when I'm going to hear about the change boxes in Colombia getting sued for inflating their conversion rates. I made good anyway. I was down there for 26 days. Went in and it was 2050 pesos to the dollar. When I left it was 1950 pesos to the dollar. When I left I made back what I lost because the USD lost its value while I was vacationing. Bitter sweet.

Re: ccfsettlement.com (Currency Conversion Fee Antitrust Litigation)

pattycake — Fri, 07 Dec 2007 05:47:32 GMT

I got one and submitted my claim. Free cash, I'll take it!

Re: ccfsettlement.com (Currency Conversion Fee Antitrust Litigation)

TryingVeryHard — Fri, 07 Dec 2007 06:22:25 GMT

Did not received it frm the mail. I visited the site and they want my old, old, old CC info.