Lipuma vs AMEX
#23
Original Poster
Joined: Jan 2003
Posts: 74,699
Likes: 0
Scarlett wonders:
>...and is the alternative to not participating in a class action law suit, ... allowing them to get away with illegal practices? Making even more money on us?
This one ( to my understanding) was for their conversion of foreign currency charges for 7 years! <
Actually, no one has admitted to or been shown to have engaged in illegal practices.
The suit claimed that AMEX failed to properly notify its customers that there was a 2 point conversion fee.
I recall reading the boiler plate that came with my AMEX card.
The fee was mentioned.
I should have listened to my father, who told me to go to law school.
>...and is the alternative to not participating in a class action law suit, ... allowing them to get away with illegal practices? Making even more money on us?
This one ( to my understanding) was for their conversion of foreign currency charges for 7 years! <
Actually, no one has admitted to or been shown to have engaged in illegal practices.
The suit claimed that AMEX failed to properly notify its customers that there was a 2 point conversion fee.
I recall reading the boiler plate that came with my AMEX card.
The fee was mentioned.
I should have listened to my father, who told me to go to law school.

#24
Joined: Jan 2003
Posts: 1,327
Likes: 0
Oh, good--we received one too and I was going to do some research into whether or not it was a scam, but it looks like ira has already done the legwork.
Thanks, ira
.FWIW, I did note that any money left in the pot after everyone gets their share will go to a charity.



