(no subject)
Dec. 11th, 2003 09:27 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
andyhatWoohoo! I got $.70 from AT&T Universal Card/Citibank as my "Schwartz Settlement Refund". The lawyers who pressed the class action suit got $7.2 million, but who can begrudge them when they worked so hard to get me a refund that will fully cover the cost of my next two sodas from the company vending machine? I like soda, after all.
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heh -
Date: 2003-12-11 07:19 pm (UTC)Yay kitties!
Re: heh -
Date: 2003-12-12 07:15 am (UTC)Re: heh -
Date: 2003-12-12 09:27 am (UTC)no subject
Date: 2003-12-11 10:59 pm (UTC)no subject
Date: 2003-12-12 07:17 am (UTC)no subject
Date: 2003-12-12 01:35 pm (UTC)no subject
Date: 2003-12-12 02:58 am (UTC)Refund
Date: 2003-12-17 01:39 pm (UTC)-Jay
no subject
Date: 2003-12-17 02:15 pm (UTC)no subject
Date: 2003-12-17 02:35 pm (UTC)As a result of the lawsuit, Citibank now credits payments up to 1pm on the day received. In other words, a bunch of lawyers made a bunch of money to get them to barely change their policy.
For more info, see the last two pages of this PDF or this entry from Jeffrey Cross's blog for more info.
I believe policies were similar at many other issuers, so expect more tiny settlements in the future.
no subject
Date: 2003-12-24 03:22 am (UTC)http://www.cbsnews.com/stories/2003/04/09/national/printable548446.shtml
FeO
no subject
Date: 2004-01-16 11:06 am (UTC)no subject
Date: 2004-01-20 11:19 am (UTC)FeO
Check
Date: 2003-12-18 07:00 pm (UTC)Who does this help?
Date: 2003-12-18 10:10 pm (UTC)But if the lawyers pocketed over $7 million, who is really paying for that $7 mil? The cynical side of me says that eventually the average joe is, through higher fees for services that will offset the cost of the settlement. I mean Citibank had it coming. I've never understood how they calculate my bill sometimes - I always pay the whole balance before the due date, yet one time when my balance showed zero I got a bill for something like 43 cents in interest, so I paid that, didn't use the card at all in the billing cycle, and then had a bill for something like 7 cents the next month.
sniff
Date: 2003-12-19 02:19 pm (UTC)no subject
Date: 2003-12-22 12:23 am (UTC)if you feel like kickin' 'em in the shins...
Date: 2003-12-22 12:06 pm (UTC)plus it helps keep your postman employed...
no subject
Date: 2003-12-24 12:00 pm (UTC)Schwartz did us all a favor
Date: 2004-01-11 08:19 pm (UTC)Get new credit cards, MBNA and Discover are light years ahead in service and what they offer.
Re: Schwartz did us all a favor
Date: 2004-01-11 08:27 pm (UTC)Hopefully, some bright and energetic team of attorneys will take them (CITI) down completely and do the entire planet a favor.
Personally I think that Citi got away with it cheap. The attorneys were worth far more than they received. Don't forget, they too have expenses and they ran high. And they workied for all credit card holders and if we are all intelligent, we will cancel this card and opt for better companies. After all how many finance charges and late fees did you receive that might not have happened if they posted payments as they were received.
Call now to cancel your credit cards and obtain cards from other companies.
no subject
Date: 2004-01-16 11:07 am (UTC)Schwartz Refund
Date: 2004-02-26 08:01 pm (UTC)You're all worthless and weak!
Date: 2004-02-26 08:12 pm (UTC)no subject
Date: 2004-03-03 03:29 pm (UTC)no subject
Date: 2004-03-26 08:32 pm (UTC)Kind of like a lottery ticket that you have hit 5 numbers but so have 200000 other people so you wind up with a couple of bucks. Indeed the lawyers are the ones who got the payoff and ironicaly if they had the AT&T card they probably even got another 0.15 or 0.20 cent on top of the fees.