Foreign Currency Fee Litigation Settlement Fund

Another day, another $18.04. That's my share of the $336 million class action settlement fund used to compensate for excess credit card company fees associated with foreign currency exchanges. Read about the settlement here if you are really interested in such things. Like every one of these cases, the windfall goes to the lawyers:

Settlement Classes Counsel intend to apply for a Fee and Expense Award, which will include a request for fees not to exceed 27.5% of the Gross Settlement Fund plus a pro rata share of all interest, dividends, and other distributions and payments (less Tax Payments) accrued by the Settlement Fund, and a request for reimbursement of their expenses of litigation not to exceed $5,000,000.

Do the math, then tell me who ripped who off. Still, I'm going to cash the check.