PBH / colombia (travelguide, pictures) / post

If you used a Visa, MasterCard, or Diners Club CC with a foreign merchant between 1996 and 2006 check this out

There is lawsuit against them for not disclosing foreign transaction fees and not doing conversion rates properly.

Check out this link for more information:
http://www.ccfsettlement.com/

In re 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.

By adrienne79 on Dec 10, 2007, 17:21 in Friendly Talkzone.

adrienne79 says on Dec 10, 2007, 17:24:

oh and I forgot to mention, this lawsuit is in the USA so I guess maybe the cardholders have to be from there...not sure though.

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tomtom33 says on Dec 11, 2007, 01:22:

There is another thread going on this topic already. You might want to check it out: http://poorbuthappy.com/colombia/post/this-is-important-for-anyone-usi...

Hey Dog, have you received an E-mail from Uncle Peter about your avatar photo yet? You will.

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adrienne79 says on Dec 11, 2007, 06:27:

oh okay, thanks, didn't realise it was a duplicate post. I just got the letter with my reference number and already requested my refund too, just wanted to help out some others.

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GregYohn says on Dec 11, 2007, 06:54:

Hola!

The other posting had its subject changed. This is directly applicable to the subject.

I remember Bank of America would charge 3% and other banks just 1% without telling you the charge would happen!

12VOIP.com gives free calls to Colombia.Greg

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