just got a letter in the mail about a settlement for a class action lawsuit.

$336 million settlement with Visa, MasterCard, Bank Of America, Bank One/First USA, Chase, Citibank, Diners Club, HSBC/Household, MBNA and Washington Mutual/Providian.

the suit calims that these companies inflated and failed to disclosed fees typically of 1-3% on foreign transactions between February 1, 1996 and November 8, 2006.
it is stated that i am part of the settlement injuctive class.

now, i'm not interested in the settlement since i'll get only $25. what i'm more interested in is if this is real or fake. i can be real paranoid sometimes and want to know if this is a potential scam.

the phone number given for more information is 1-800-945-9890. web site www.ccfsettlement.com.

attorneys:

Bonny E. Sweeny
Coughlin Stoia et al, LLP
655 West Broadway, Ste. 1900
San Diego, CA 92101

Merrill G. Davidoff
Berger & Montague, P.C.
1622 Locust Street
Philadelphia, PA 19103

return address on the letter is
U.S. District Court Settlement Administrator
P.O. Box 290
Philadelphia, PA 19105-0290

 

I got the same thing yesterday (at home) and today at the office, I threw them away. Unless you did a lot of overseas transactions and kept the receipts and statements it's a real pain to prove your losses.

BTW, it's not a scam.

 

thanks. i was just worried cause i bought a set of rims from a a UK member last year thru paypal.
i didnt see any extra fees on my part.
$25 isnt worth the headache i might get if i try to claim it.

 

Jeggy, the first page gives you a 25 dollar flat rate and you can do it online. I'm doing the second page because my wife was in India for a month during the time on the mailer and used the mastercard a lot.

 

i already filed.

 

I got it too.

 

In the given time frame, I've been out of the country for 21 days. I wonder if that translates to more than $25?

 

It depends on how much money you spent, it's a percentage.

I only use my AMEX when overseas, but they have less than stellar exchange rates, oh well.