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Over 10 million checks are going out to credit card holders as the result of the Currency Conversion Fee Antitrust Litigation settlement that I last wrote abouta€”get this, four years ago. I just got a check for $18.04 from the settlement and quite honestly, I could have easily mistaken it for junk mail.
I wouldn't be surprised if a lot of these checks get tossed either inadvertently or because the recipient thinks it's some kind of scam. Some people who filed claim forms and documentation showing how much they paid in foreign transaction fees will get larger checks.

With anything like this, you can expect scammers to seize the opportunity and try to use it to take advantage of unsuspecting consumers.
These refund checks are being sent to credit card holders as a result of a class action lawsuit over the setting and disclosure of foreign currency conversion fees.
Like millions of others, I had filed a claim back in 2008 and had pretty much forgotten about it at this point. But the amount I received was smaller, because the amount of claims filed exceeded the settlement funds available.

I haven't heard of any scams coming out of this settlement yet, but if you receive an email or phone call from someone offering to help you process a refund, ignore it.

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22.03.2015 admin

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