21-03-2007, 13:39
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#571
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Inactive
Join Date: Jun 2003
Services: Cablevision
Posts: 8,305
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Re: Reclaim Your Bank And Card Charges
A slight diversion to the topic, but maybe the next one to tackle in the UK...
http://www.ccfsettlement.com/
Quote:
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.
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Yet have agreed a settlement.
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