I got this link in an email, does anyone else know if it’s legit?
https://www.ccfsettlement.com/claim/
If it is, hey great, if it’s not (or no one knows for sure) it’s not worth the risk for $10.
I think it’s legitimate. I’ve read about this elsewhere. I need to consider if it’s worth going through several years of statements to come up with what I’ve paid in conversion fees. If I had them readily available, I wouldn’t hesitate at all to make a claim.
They want your account numbers? This smells like phish to me. Check it thoroughly and not with the email address they give you. Google them for an address.
I work customer service for credit cards and we have not been advised of any settlements or changes to the way we charge foreign currency transactions. Not that my anecdotes are cold hard facts or nothin’, I would be very wary about submitting account information in this circumstance.
I’m pretty sure it’s legitimate — I submitted a claim to that website a few months ago, having been given the address by a notice included with my (paper) credit card bill.
Here’s a document describing the action (PDF) from the U.S. District Court, where the suit was filed.
Wow! You can’t imagine how much I’ve spent in foreign countries the last seven years. Lots of this is company credit card use, though. Guess I gotta talk to the company lawyers…
Yes, it is definitely legitimate. I was informed about it by my company a couple of months ago, and this was the web site provided. If your charges were on a corporate card I’d suggest that you contact your finance department, as they may want to bundle the claims and the company will probably expect to get the money back.
For corporate cards, I agree that for all company business expenses the company should have a wopper amount coming back – assuming that these corporate cards don’t already have an agreement not to charge commission, in which case there’s no loss. On the other hand, I’d want my cut. I’m paid my expenses via cash advances taken out on the credit card. This means that for the more than three years that I’ve collectively lived in foreign countries during the date range, all of my US dollar out-of-pocket expenses (e.g., per diem) have been subject to a 1% to 3% discount because these conversion fees.