Check In The Mail For Victims Of Improper Currency Conversion Credit Card Bills

December 23, 2011
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Millions of credit cardholders are receiving an unexpected holiday surprise: an $18 check.

The check is a refund from the Currency Conversion Fee Antitrust Settlement, a class-action lawsuit that was filed against credit card companies, accusing them of improperly disclosing fees for credit and debit transactions made abroad.

The suit was filed several years ago and more than 10 million Visa, MasterCard, and Diners Club cardholders who used their cards abroad filed claims forms. The Court granted final approval of the settlement in a Memorandum and Order dated October 22, 2009, and all of the appeals have now concluded. On October 5, 2011 the Court entered an Order authorizing the Settlement Administrator to disburse the available settlement funds.

Most checks are for $18.04, but if you traveled extensively, your check may be larger.

If you have questions, or if you have moved since you filed the claim and want to verify the address, you can visit the settlement website at https://ccfsettlement.com/contact/, or write them at:

Foreign Currency Antitrust Litigation

Settlement Administrator

P.O. Box 290

Philadelphia, PA  19105-0290.

The Better Business Bureau cautions against copycat scams and advises consumers to verify any check that may look unusual or suspicious.

A separate settlement involving American Express is pending.

LowCards.com ( http://www.lowcards.com) simplifies the confusion of shopping for credit cards. It is a free, independent website that helps consumers easily compare credit cards in a variety of categories such as lowest rates, rewards, rebates, balance transfers and lowest introductory rates. It also gives an unbiased ranking and review for each card. The LowCards.com Complete Credit Card Index ( http://www.lowcards.com/CreditCardIndex.aspx) is the most objective and comprehensive resource on the Internet which allows consumers to compare rates for over 1000 credit cards offered in this country. Created by Hampton & Associates, the company has been analyzing the credit card industry and supplying objective websites on various consumer expenses for eleven years.

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One Response to Check In The Mail For Victims Of Improper Currency Conversion Credit Card Bills

  1. Cheryl on December 12, 2012 at 3:10 pm

    the Supreme court needs to look at the scam known as CREDIT SHIELD by CITIBANK. It Uses FAKE information to file illegal judgements against clients who paid for insurance they say the customer did not have if they try to make a claim on the insurance.





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