Background: In late 2007, many consumers received notice that they were entitled to part of a settlement. The settlement, CCF Settlement, claimed the consumer could receive $25 or more.
Is it a scam?: No. The CCF Settlement is not a scam.
Details: In 2006, a $336 million settlement was agreed to by several major banks including Bank of America, Citibank, and MBNA.
Visa, MasterCard, and Diners Club credit cardholders who used their credit cards is a foreign currency conversion transaction between February 1, 1996 and November 8, 2006 may be entitled to part of the settlement.
You can find out more information about the settlement, including instructions for getting your refund, by visiting www.ccfsettlement.com or calling 1-800-945-9890. The deadline for sumbitting a claim is May 30, 2008.
