Foreign Currency Fee Class Action Settlement

FX Currency Lawsuit Payments Distributed | Air Travel News

Foreign Currency Transaction Law Suit Settled

Go back a few years – Do you remember receiving a notice about a credit card Foreign Currency Fee Class Action Settlement? Does completing a claim form with three options ring a bell?

The case revolved around fees attracted to credit card transactions outside of the United States.

If this makes sense, you may recall there being three options:

  1. $20
  2. Amount Determined on time spent abroad (supposedly 1% or less of foreign spending)
  3. Send in those credit card statements (supposedly 3% or less of foreign spending)

Most people who were a part of this class action settlement have received their checks. As a travel guru with significant time outside the United States, yours truly received a check for $78.85. This was more than I expected as class actions are normally a joke with only the attorneys profiting.  Amount was supposedly lower than they expected due to overwhelming response.  I opted for option 2.

If you have not received your check, visit www.ccfsettlement.com for more information.

On a final note, there is one more class action out there pending – Ross v. American Express.  I received notice I may be a member of this second Foreign Exchange damages case.

Briefly, Ross v. American Express is about the prices that cardholders of certain Visa, MasterCard, and Diners Club credit and charge cards were charged to make transactions denominated in foreign currency or with a foreign merchant.  The case does not involve American Express cards.

Per correspondence received, you are a member of the FX damages case IF:

  • You used a Visa, MasterCard and/or a Diners Club credit or charge card between July 22, 2000 and November 8 2006, and were assessed a fee or surcharge for using your credit card to purchase goods/or services priced in foreign currencies or in foreign countries, and
  • The card you used was issued by one of the following banks: Bank of America, BankOne/First USA, Chase, Citibank, Diners Club, HSBC/Household, MBNA or Washington Mutual, and
  • You submitted a claim as part of the CCF I settlement and your claim was not rejected by the Settlement Administrator.

If you were part of the original settlement and meet the above criteria, it appears you should be included in this new class action.  A settlement is on the table, but I’m not holding my breath on receiving anything anytime soon.

If you believe you’re a member of the class or if you haven’t received a payment via check from the first case as of yet, visit www.ccfsettlement.com for more information.

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