Foreign Exchange

Hertz DTAG Mexico Car Rental Settlement

This settlement was reached in response to a class action against Hertz Corporation and Dollar Thrifty Automotive Group, Inc. about their charges for rental cars that were booked online in the US and picked up and paid for in Mexico. The complaint alleged that the advertised cost of the rentals did not include mandatory insurance  Read more

Mastercard Foreign Exchange Rates Imposed on Cardholders Class Action

Mastercard, Inc. and Mastercard International, Inc. are known throughout the world for their electronic payment network, which processes payments made with Mastercard-brand debit, credit, and prepaid cards. Many US consumers buy goods in other countries and pay for them with their Mastercards. But the complaint for this class action alleges that the rates Mastercard charges  Read more

Visa Foreign Exchange Rates Imposed on Cardholders Class Action

Visa, Inc., Visa USA, Inc., and Visa International Service Association are best known for their worldwide VisaNet electronic payments network, which processes payments made with Visa-brand debit, credit, and prepaid cards. These cards are often accepted by retailers in other countries, so that many US consumers can buy goods in other countries and pay with  Read more

TD Bank Visa Credit Cards Foreign Exchange Rates Class Action

Consumers across the US can use the Internet to buy products from foreign countries. But the complaint for this class action alleges TD Bank, NA violates its Visa credit card agreements in the foreign exchange rates it charges customers on their overseas purchases. The complaint claims that TD Bank does not charge customers the promised  Read more

JPMorgan Chase Bank Visa, Mastercard Foreign Exchange Rates Class Action

Consumers can now use credit cards to buy things all over the world, thanks to the Internet. However, the complaint for this class action claims that JPMorgan Chase Bank, NA violates its agreements by charging customers excessive or fictitious exchange rates. The complaint alleges that Chase does not charge the promised rate, or charges even  Read more

TechnipFMC Foreign Currency Rate Miscalculations Securities Class Action

Foreign currency rates can have a big impact on expenses and profits when projects are carried out on foreign soil or with foreign-bought materials. The complaint for this class action alleges that TechnipFMC did not maintain proper internal control over the rates used to calculate its financial results. The complaint claims that the problem made  Read more

Foreign Exchange Benchmark Rates Antitrust Settlement

This settlement resolves allegations against some, but not all, of the defendants in this class action, with a total settlement fund of over $2 billion. The complaint alleges that a number of banks and other entities conspired to fix foreign exchange prices, in violation of the Sherman Antitrust Act, and to manipulate the foreign exchange  Read more