$336 Million Class Action Settlement in Currency Conversion Lawsuit

A $336 million class action settlement which is subject to approval by U.S. District Court for the Southern District of New York, was agreed by Visa USA, MasterCard and a number of other credit and debit card issuers over charges for foreign currency conversions.
Defendants in the case include Visa USA, the domestic division of Visa International, which is headquartered in Foster City, Calif; MasterCard of Purchase, N.Y.; and Diners Club, the card issuer owned by Citigroup of New York, the announcement said.

It also covers a number of debit and credit card issuing banks and thrifts, including Bank of America in Charlotte, N.C.; Citigroup; JPMorgan Chase & Co. of New York; and Washington Mutual of Seattle.

The announcement said that details of the agreement would be released after it was submitted to the court.

Link [www.chron.com/disp/story.mpl/business/4074610.html]


One Response to “$336 Million Class Action Settlement in Currency Conversion Lawsuit”

  1. Horace Says:

    Dear Sir,

    I read your class action lawsuit titled: $336 Million Class Action Settlement in Currency Conversion Lawsuit.

    At present, Bank of America (BOA) is charging me $5.00 to $10.00USD for every transaction withdrawal I make from a Citibank ATM in Japan.

    Although my BOA account is based in America, and I am able to withdrawal yen from Citibank ATM Japan, I still believe the charge of $5.00 to $10.00USD per transaction is excessive.

    As soon as possible, please advise.



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