Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
PCUA vice president interviewed for card refund story
HARRISBURG, Pa. (12/10/07)--Corinne Sherman, Pennsylvania Credit Union Association (PCUA) vice president, was interviewed Thursday by a local television consumer news reporter, regarding a recent class action lawsuit settlement involving Diner’s Club, Visa and MasterCard. The lawsuit was filed to try and recover a non-disclosed 3% currency conversion fee charged to cardholders who purchased items outside of the U.S. between 1996 and 2006. The court ruled in favor of the cardholders. The U.S. District Court of Philadelphia recently sent letters to cardholders eligible for at least $25 in refunds (Life is a Highway Dec. 7) The card companies “add a fee automatically for the currency conversion. What happened was they had this fee in place and it wasn’t disclosed anywhere…they have to reimburse everybody who had an international transaction through a ten-year period,” Sherman told WHTM (Dec. 6). Cardholders can request refunds by providing proof of purchases and their credit card account numbers to the companies.
Other Resources

RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
1 Day ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
1 Day ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
1 Day ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
1 Day ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
1 Day ago