"Notice of Settlement" in repsonse to a class action suit re: Late Charges. Seems First USA has agreed to settle a law suit filed several months ago over charging cardholders 'late' fees, when they were not late. They simply 'held' the payments until they were, then prcessed them. Most people feel they overcharged about a million card holders a month, or about 1/2 of 1% of their 60 million cardholders. Let see, 60 million payments a month=2 million payments a day. Hold the mail bags 2 days, and about 1 million payments become late. At $29 each, that's a staggering $29 million dollars pure profit!! Some people like me, complained, so let's say they only netted $25 mil a month. The period of excessive lated fees is nearly 2 years. So they collected $25 Mil a month for 2 yrs, and will pay about $75 mil in damages.