Tuesday, 26 May 2009

Update on currency conversion fee lawsuit

Not much of substance has happened, but some additional documents (see below) have been filed in the class action lawsuit against credit card companies and banks for hiding their fees foreign-currency credit, debit, and ATM card transactions.

I'm posting the documents here because most parties to the case didn't receive them or most of the previous filings, and they still aren't posted on the Web site for the proposed settlement. I wasn't properly served with these latest filings, but unlike most of the other objectors to the settlement I was sent "courtesy" copies by e-mail, undoubtedly as a result of my prior complaints about lack of notice.

The proposed settlement remains unfair for the reasons I've discussed previously, and I continue to object to it. So far as I know, no date has been set for a further hearing on the fairness of the settlement or any of the other outstanding issues in the case.

[Update: Your chance to be heard on fees for foreign currency card usage (hearing date and chance to submit written comments to the judge)]

Link | Posted by Edward on Tuesday, 26 May 2009, 10:53 (10:53 AM) | TrackBack (0)
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All advice and recommendations are the personal opinions of Edward Hasbrouck, and do not necessarily represent the views of my publishers, employers, or clients.