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Credit Card Companies Ordered to Refund Customers

Credit Card Companies Ordered to Refund Customers


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Your credit card could soon be paying you some extra money.

A judge has ordered Visa and Mastercard to refund an estimated $800 million to their U.S. customers.

The refunds stem from a hidden fee on purchases made in foreign countries as far back as 1996. The two companies added a one percent surcharge to transactions requiring foreign currency to be converted into U.S. dollars.

The order finalizes a tentative ruling that had been under court seal since February.

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