ILLINOIS HOTEL AND LODGING ASSOCIATION + CLASS ACTION CAPITAL PARTNERSHIP PORTAL

The Illinois Hotel and Lodging Association has partnered with Class Action Capital, a market leader in class action settlement claim management. Class Action Capital is already successfully working with a very large number of hotels across the country helping to recover substantial refunds on their behalf from a recent class action settlement totaling approximately $6 billion. We are excited to now offer our value add services to IHLA members.

The settlement alleges that Visa and MasterCard violated the law by setting interchange fees (charged to businesses every time a customer pays with a Visa or MasterCard) and then made and enforced rules that prohibited merchants from steering customers to other payment methods, resulting in hotels paying excessive fees to accept payment from Visa and MasterCard credit or debit cards.

Class Action Capital’s pricing model is simple in that we work on a commission basis whereby we receive a percentage of the client’s financial recovery and only receive our fee when our client recovers. Once you sign up for our claim management service, we will immediately get to work building and preparing a comprehensive claim.

Our claim management authorization form is below, along with additional settlement information.

Payment Card Antitrust Litigation $5.54 Billion 

This settlement resolves allegations that VISA, MasterCard and their issuing banks violated the law by charging excessive interchange fees to merchants.  The settlement received final approval on December 13, 2019 and the settlement fund is approximately $5.54 billion.  Your organization is likely eligible for a refund if you accepted VISA or MasterCard branded credit or debit cards as a form of payment between January 1, 2004 – January 25, 2019.

Claim forms are available beginning December 1, 2023, when they will be delivered and available online. Class members need not sign up for a third-party service in order to participate in any monetary relief. No-cost assistance is available from the Class Administrator and Class Counsel during the claims-filing period. Class members may visit www.paymentcardsettlement.com, the Court-approved website for this case for additional information. The claim filing deadline is May 31, 2024.

Who is Class Action Capital?

Class Action Capital is a provider of class action settlement claim management and monetization to the global corporate community. Launched in 2012, Class Action Capital has quickly gained traction amongst the corporate community to become the premiere provider of outsourced class action settlement claim management and monetization. From 30 clients in 2012 to over 4,000 corporate clients to date, Class Action Capital’s value proposition, reputation and expertise has been recognized by companies of all sizes and in diverse industries. Class Action Capital’s pricing model is simple in that we work on a commission basis whereby we receive a percentage of the client’s financial recovery and only receive our fee when our client recovers. More information on CAC and our services is below.

THE BOTTOM LINE IS WE WORK TO BEST POSITION EACH CLIENT’S RECOVERY FROM A SETTLEMENT WHILE MINIMIZING A CLIENT’S TIME, USE OF INTERNAL RESOURCES AND THE RISK OF MISTAKE IF THE CLIENT WERE TO TAKE ON CLAIMS MANAGEMENT ON ITS OWN.

Class Action Capital’s fee is a percentage of your financial recovery. Claim forms are not yet available from the Class Administrator. When claim forms do become available, class members are not required to sign up with any third-party service in order to participate in the monetary relief, but may instead file their claim directly with the Class Administrator. The claim form will inform most class members of their actual or estimated interchange fees on which it is proposed their claims will be paid. Claimants may accept or dispute this estimate with the opportunity to submit additional information. No-cost assistance will be available from the Class Administrator and Class Counsel during the claims-filing period. 

TO SIGN UP FOR CLASS ACTION CAPITAL’S CLAIM MANAGEMENT PLEASE COMPLETE THE BELOW AGREEMENT