UPDATE: RCI CLASS ACTION LAWSUIT - must read for all RCI members [Includes Results]

[Carolinian]

Businesses do not have carte blanche to do anything they want. When they step out of line like Enron, the old Savings and Loans, or RCI, they need to be nailed. That's what consumer protection laws are there for.

In RCI's case, their ''product'' is not even produced by them, it is given to them in trust by their members for a particular purpose and they are abusing that trust.

So, because RCI is a business blah blah blah, should we just not complain when they (as a business) decides to do something we (as a customer) don't like? Many businesses have made decisions based on profit only to change those decisions once they realized how much it pissed off their customers.

And everyone can't plan ahead which is why some people do things at the last minute.

 

[Jennie]

SO..... instead of asking for the world, try for something small that might have a chance of sticking, its better than nothing....The best thing we can hope for is that the changes that RCI agreed to make for 2 years can be made permanet.

Joe, I sincerely doubt that you have read and understood how little would change for the better if the proposed settlement is approved.

For starters, every person who owns a floating week would be royally "screwed."

If the lawsuit is settled as it stands now, RCI would be required to keep "hands off" for 31 days of any deposit made more than a year in advance. Almost all "floating weeks" owners would be unable to get a week reserved and deposited by their resort more than a year in advance.

People who own fixed weeks would have to pay the maintenance fee a year in advance in order to be able to deposit more than a year in advance. (This is now the policy of almost every resort out there.)

Thereafter, RCI can remove each and every single week the minute it is deposited unless a member has an ongoing search for the week that has enough "trading power" to pull it. And guess who determines the trading power assigned to the searching week? Since RCI is accountable to no one for divulging what the mystery trading power value is, and how they arrived at the value, it seems like a classic case of the fox guarding the hen house.

Under the proposed settlement, RCI will be required to remove no more weeks (for rental purposes) than it deposits, and the week they put in is supposed to be equal in value to the week they take out--within 3 ranges: red, white, and blue. Well those of us who have been exchanging for years know that there are many shades of red, that there is strong suspicion of inflated values being given to certain resorts for suspect reasons, and even just RCI's history of plain error or incompetence in determining the correct trade power of a particular week.

If the week "swapped out" (or snatched, as I prefer to call it) is truly equal in value to the week RCI puts in the spacebank to replace it, then why doesn't RCI just keep their grubby week and rent it directly to the public and keep their greedy paws out of the spacebank tiii? Does anyone believe RCI's explanation that they do this to give their members a greater variety of inventory to choose from?????

It gets worse. The proposed settlement would require RCI to provide reports showing the raw number of "swaps" made without providing any details of the names of the resorts or weeks. There will be no way of knowing how many truly red weeks from highly desired resorts have been taken out for rental and replaced with a glut of red Orlando weeks.

And who receives the RCI reports? The plaintiffs' attorneys--the ones who know so little about the "fine points" of timesharing that they didn't even realize that the proposed settlement, if approved, deprives floating weeks owners of participating in any 31 day exclusivity period. This not only effects floating weeks owners, but also fixed weeks owners who will not have an opportunity to find and reserve these weeks before they are snatched the minute they come in.

How much do you think the Plaintiffs' attorneys will be paid to analyze the reports and check for compliance? NADA !!! So here's another fox guarding the hen house situation.We Objectors requested that a copy be sent to us.Surprise, surprise--RCI refused.

So, Joe, please let us know what part of the proposed settlement you think makes it worth accepting, rather than filing objections and hoping that the court system can force RCI to be more ethical and fair in the treatment of their members. We know they willl never do it voluntarily or for the right reasons but modern society muddles along without total chaos because many people with a defective moral/ethical value system are deterred by the fear of punishment by the legal justice system.

 

[JEFF H]

If someone likes to do things at the last minute, Timesharing is not really for them. Most people who are happy with their timeshare experences (I know that I am) plan in advance.

Joe, Thank-you for explaining how you prefer to use your ownership.
Many owners however don't prefer to plan their vacations far in advance.
Plenty of owners in fact prefer to plan and book their vacations in that three month (90 day) window.
Many vacation ownership plans have been sold in recent years for just that reason. Flexibility to plan and go when you the owner wants not when RCI or anyone else tells you to.
The weeks were deposited by members with the intention and expectation that they would be used for exchange purposes by other members. This banked week inventory should remain available for exchange until a member confirms it.
Heck When I first became a RCI member (1984) RCI would issue a unit return notice 14 days before check-in if a unit you deposited was not confirmed by a member. You could then use it yourself, send family or let it go to waste.
Times have sure changed and now RCI views member deposited weeks as their property that they can use however they want to maximize their profits.

 

[AwayWeGo]

Au Contraire, Mon Frère.

If someone likes to do things at the last minute, Timesharing is not really for them.

We mainly take RCI Last Call & Instant Exchange reservations, which become available 45 days before check-in.

It takes all kinds, eh ?

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

 

[catcher24]

Posted by TSToday:
Postcard notice.At the most recent hearing about the notice, I pointed out to the court, that it was very important that the notice be legible and that the type should be large enough so the reader would not have any difficulty in reading it. My recollection is that the sample RCI presented in court was larger and more legible. The postcard that I received in the mail was, in my opinion, in adequate because of a lousy printing job and the type was much too small. If you agree, I would like to have some samples of what was received sent to me. If you disagree and feel that the notice was adequate as to legibility, please advise. I am not talking about content but only legibility. RCI spends plenty of money on direct mail postcards, it should have done a better job with this one simply because of its importance to over 2 million current and prior Weeks Members.

I find it very interesting that such an important notice was sent on a 3 X 5 note card made of the cheapest possible material - something that might very conceivably get tossed out without even getting looked at. Compare that with the glossy, heavy-weight, 5 X 10 (or larger), full color cards one receives when RCI mails out their weeks rental offers on a regular basis...

I would have sent you an example of each, as I think the judge might find it informative to compare the two. Unfortunately, my paper recycling was this week and my most recent vacation week offer is gone.

 

[catcher24]

I wish to add my thanks to all of those who brought this to light, have fought RCI and are keeping us informed. I won't name names for fear of leaving someone out, but you know who you are and thank you very much!

I plan on completing and mailing my objection notice within the next few days and will include the following statement. Any comments or suggestions regarding same?

RCI ostensibly sets forth in its terms and conditions the relationship between a RCI Weeks Member and RCI That contract with RCI contains an implied covenant of good faith and fair dealing prohibiting RCI from doing anything that will destroy or injure the weeks member's rights to the benefits of the contract or frustrate the weeks member's expectations and the fundamental purpose of the contract.

The proposed RCI Weeks Class Action settlement frustrates the expectations of RCI weeks members and thwarts the fundamental purpose of the contract, which is securing reasonable access to comparable weeks deposited by other RCI weeks members.

It has become increasingly apparent that rather than make the best exchange weeks available to it’s weeks members for a reasonable length of time, RCI is offering these weeks for rent to non-members after only a short period of exchange availability to RCI weeks members. Additionally, these weeks are also being offered by RCI to non-members at a weekly rate that is almost invariably less than what the banking owner must pay in annual maintenance fees. RCI then offers weeks of much less exchange value to the RCI weeks members. These practices by RCI not only deprive the weeks members of the opportunity to receive an equitable exchange, but also threatens to undermine the value of the member’s time share week itself.

Hence, I believe that strictly limiting RCI's ability to rent or otherwise dispose of weeks deposited by the RCI weeks membership, a limitation that RCI does not currently recognize or honor, is necessary to give efficacy to the contract between RCI weeks members and RCI.

 

[Jennie]

catcher 24--we salute you for taking the time and effort to let the Judge, and the Plaintiffs and Defendant' s attorneys, know that we are not a bunch of dummies living in a dark cave.

Thank you for going the extra mile on behalf of all RCI Weeks members.

 

[Jennie]

I find it very interesting that such an important notice was sent on a 3 X 5 note card made of the cheapest possible material - something that might very conceivably get tossed out without even getting looked at. Compare that with the glossy, heavy-weight, 5 X 10 (or larger), full color cards one receives when RCI mails out their weeks rental offers on a regular basis....(

As disgraceful as the recent postcard notice is, it's a great improvement over the stunt RCI played burying the first notice on page 94 of the Endless Vacations (junk in my opinion) Magazine.

We owe thanks to Timesharing Today Magazine www.tstoday.com for bringing the matter to the attention of readers, and urging RCI Weeks members to go to the Federal Court in Trenton, New Jersey on June 16th to protest the inadequate notice and point out the unfairness of the proposed settlement. Thay's how I became aware and involved. For information about what went on at the hearing, read Post #1 of this thread at: http://www.tugbbs.com/forums/showthread.php?t=100107

 

[Goofyhobbie]

Well Stated

Catcher24,

Your statement was well thought out and an excellent example of a REASON for your objection.

To those of you who are joining us in this fight be aware that providing a REASON for your objection is not a requirement; but, a statement as eloquently written as the one provided by Catcher24 should get the attention of the Judge who will ultimately determine whether or not the current settlement is FAIR!

For any "class member" who wants to object to the proposed settlement; but is just now getting involved get information and help here:

http://tinyurl.com/Instruction-For-Objection

 

[catcher24]

Catcher24,

Your statement was well thought out and an excellent example of a REASON for your objection.

To those of you who are joining us in this fight be aware that providing a REASON for your objection is not a requirement; but, a statement as eloquently written as the one provided by Catcher24 should get the attention of the Judge who will ultimately determine whether or not the current settlement is FAIR!

For any "class member" who wants to object to the proposed settlement; but is just now getting involved get information and help here:

http://tinyurl.com/Instruction-For-Objection

Thank you for the compliment, but you should thank yourself as well. A fair amount of that came from your example in post #586. I edited it considerably and added a new paragraph of my own, but the main idea and a good chunk of the wording is from your example! Hope that's OK.

 

[Goofyhobbie]

You Are Welcome!

catcher24,

I am flattered that you chose to use my example in Post # 586.

When I first read your statement I knew there was a lot about it that I liked; but I admit to not making the connection until you mentioned it above.

Several of us here at TUG have been working night and day to help you and other Tuggers hurdle the bar that is necessary to make the effort to object.

The credit goes to all who have made the effort and to those that continue to do so.

Shep at Timeshare Today first called my attention to the "Points Class Action Complaint." After reading the complaint and Shep's comments here and at other web sites, I came up with the EXAMPLE at # 586. I am extremely pleased that you found it helpful and made the idea your own. Great Job!

 

[Goofyhobbie]

Using Twitter To Get The Word Out!

Folks,

I am just an old guy that has been retired since 2000. My communication skills are not as good as they once were; but I continue to try new ways to communicate.

For purposes of getting the word out I started a Twitter account on or about October 8th. I have used the account exclusively to communicate information about the proposed RCI Class Action Settlement.

Until tonight, however, I had not fully realized the potential of TWITTER to get the word out.

Here is what the statistics show as of tonight:

//////////////////////////////////////////////////

GoofyHobbie

291 Following 129 Followers 21 tweets

//////////////////////////////////////////////////

I would like to encourage any of you who use TWITTER to start putting the word out. The statistics say it all.

I have initiated 21 Tweets and sent 71 direct messages since setting up my account. With most the activity occuring tonight.

I am following 291 individuals and/or companies that have tweet accounts and I am just getting started.

Note that I personally have developed 129 Followers since setting up my account.

The beauty of the communication method is it's simplicity and the ability to grow contacts exponentially.

Any of you that would like to plug-in connet through my Twitter Username: Goofyhobbie

 

[Goofyhobbie]

How You Can Use Twitter

Open an account @ Twitter.com

Look within the site for total strangers that you might like to communicate with through Twitter.

Start following the ones you pick out.

Many that you follow will begin to follow you.

Some will contact you direct and thank you for following them.

Suggestion: Consider creating the short sentences that you want to use to respond in advance and hold them in a computer note pad or MS Word document.

Once they start sending you Direct Messages consider responding something like this.

_________< Username> Thanks for the follow. Do you know anyone who owns or has owned a RCI affiliated timeshare?

Then using words that you have already created in a computer note pad or MS Word immediately continue sending direct messages to the same contact like so:

__________ < Username> RCI affiliated timeshare owners have until November 20th to file an objection to the proposed class action settlement.

__________ < Username > The Proposed RCI Settlement is unfair to RCI Weeks Owners - Let Folks know that they should Object to the settlement.

__________ < Username > For Facts & Information about the Proposed RCI Weeks Class Action Settlement look here: http://rciclassactionlawsuit.com/

__________ < Username > To object to the proposed RCI settlement get instruction here: http://tinyurl.com/Instruction-For-Objection


Notice the creation of a tinyurl. Jeannie, showed me how to do that.

(Simply go to the website http://tinyurl.com/ and use your computer's cut and paste function to paste in the specific URL for just the instructions found at http://rciclassactionlawsuit.com/

Of course, once you get a following you can also send out TWEETS which are a short blast to everyone who is following you.

We have a few million people we want to reach. This method will not reach all of them; but if enough of us do it the message will get out and be shared with thousands.

 

[GadgetRick]

If someone likes to do things at the last minute, Timesharing is not really for them. Most people who are happy with their timeshare experences (I know that I am) plan in advance.

Hmm, that's funny, I've been TSing for about 10 years and have never planned in advance. Almost all of my traveling is done at the last minute and I've not had problems. Seems like you need to do a little more research before making bold sweeping statements...

As for them RCI changing because it pisses off its customers, get real. They don't care. Why should they? The majority of their customers come from timeshare companies who customers have no choice in where they exchange. (i.e. Wyndham, HGVC, Worldmark, Disney, Starwood, etc. - not to mention properties that only exchange through RCI) If you don't want to use them, your options are limited. Most timeshare owners probably never even heard of SFX or the small exchangers.

They do care--like ALL businesses--if it impacts their bottom line. If enough people complain about something they don't like, things might get changed, if nobody complains, nothing will ever change. Again, you should do some research before making these sweeping statements. Plenty of examples of a company making a decision which benefits the company financially but hurts a large portion of their customer base. The customer base complains, the company makes changes. Does it happen ALL of the time? Absolutely not. However, it happens frequently enough to give it a try...

Maybe you should be a little more positive about things....

 

[RustyS]

... They do care--like ALL businesses--if it impacts their bottom line. If enough people complain about something they don't like, things might get changed, if nobody complains, nothing will ever change...

The only way to affect their bottom line is to not pay them anything. Exchange fees, membership fees, rental fees, exchange deposits, etc. Complaining, while still being a member, will not lead to change. In fact, with all this finally becoming public through this proceeding, future RCI members will be implicitly agreeing to participating in their scheme.

Once this is all done, unless significant changes occur in RCI's business model, I will be off their roles permanently. I think it is unlikely that RCI will change their business model because their primary customer is the shareholders, and they are better served by renting other people's property than providing a fair exchange service to a fee-paying membership. Unless we can convince the courts they are renting stolen property, they will be free to continue it with anyone silly enough to retain their membership.

File Your Objections, with or without explanation!

And be prepared to vote with your feet if you don't like the outcome.

 

[kirby2000]

Object and select a Benefit too?

I've read several times that we can select one of the Benefits, a.k.a.Options, listed on the Claim Form and we can Object too. Wording contained in the Claim Form, Section 3, item B:

"This Claim Form will be governed by and construed under the laws of the State of New Jersey. By selecting one of the foregoing benefits and submitting or mailing this Claim Form to RCI, I consent and waive all objections to the non-exclusive personal jurisdiction of, and venue in, the United States District Court for the District of New Jersey for the purposes of all cases and controversies involving this Claim Form, the Settlement Agreement, and/or their enforcement, and I acknowledge that I am bound by the Release contained in the Settlement Agreement."

I am hung up on the wording: "...By selecting one of the foregoing benefits and submitting or mailing this Claim Form to RCI, I consent and waive all objections to..."

I realize I am hung up on one sentence...but how am I misinterpreting this? Thanks in advance.

 

[DeniseM]

Kirby - I can't explain the wording, but the attorney in this case has stated, in a previous post, that you can select a benefit AND object - both.

 

[zgreg9]

SPREADING MESSAGE TO PUBLIC & WYNDHAM WORLDWIDE EARNINGS CONFERENCE CALL OCT 28th

SPREADING THE MESSAGE TO THE PUBLIC & WYNDHAM WORLDWIDE EARNINGS CONFERENCE CALL OCT 28TH 8:30 am ET

FYI

For latest financial information on Group RCI’s parent company Wyndham Worldwide please go to this link http://www.wyndhamworldwide.com/investors/financial_information/investor_presentation.cfm

On October 28th at 8:30 am ET there is Q3 2009 Wyndham Worldwide Earnings Conference Call (go to link above, in upper right hand corner (orange rectangle “Upcoming Events” click on “3rd Quarter 2009 Financial Results (October 28, 2009) or to this link http://phx.corporate-ir.net/phoenix.zhtml?c=200690&p=irol-calendar

If there are any Tuggers that have shares in Wyndham Worldwide it would be great opportunity for them to ask questions on Weeks and Points class action lawsuits during the earnings conference call. I think Stock Analysts, Shareholders and public in general (including majority of RCI members) do NOT know about these lawsuits. I myself have only found out about Weeks Class Action Lawsuit in August this year through this web site and I have been member of RCI since 1984. It would be interesting to find out from Tuggers that have shares in Wyndham Worldwide if they received any information in their financial statements or notices concerning Weeks and Points class action lawsuits.

During these Earnings Conference Calls many analysts and financial reporters from largest newspapers and magazines participate. Class action lawsuits may have impact on stock prices. If any of these participants pick up on this and write about it, the message will get out to the public faster.

RCI is aggressively promoting rental income since it has been down lately. Go to first link in this tread http://www.wyndhamworldwide.com/investors/financial_information/investor_presentation.cfm
In the middle of the page (under blue rectangle “PRESENTATIONS”) view at least first two presentations to Investors.
First one: Group RCI - Goldman Sachs Investor Meeting on September 29, 2009 (less than a month ago) http://www.wyndhamworldwide.com/docs/RCI-Goldman-Sachs-Presentation-Final-Compressed.pdf
Second one: Wyndham Worldwide Investor presentation August, 2009 http://www.wyndhamworldwide.com/docs/08-01-09-WYN-General-Investor-Presentation.pdf on page 17 please note Group RCI future strategy is to “Expand Rentals Business” : on page 43 read both footnotes (1) & (2) for Other Member Revenues


Group RCI will promote more in future in North America in partnership with resort developers to rich clients what they call it in Europe and South Africa “rental and exchange” investment program. See direct quote from brochure link below:
“Our Rental & Exchange partner, Group RCI is one of the biggest and most experienced in the world with over 3 million members and boasting over 1 million reservation bookings annually. Group RCI market your property Worldwide via a range of integrated campaigns effectively exposing your property to a vast worldwide database. Maximising the income from your property. But this is not all. Uniquely you will also be able swap weeks in your own property for holidays in the Worlds most popular locations.
Through the R&E programme, owners can exchange “use time” in their assets with owners of comparable real estate assets, as well as an array of additional services. Additionally, owners can generate income by renting their asset through Group RCI’s successful rental channels.
What’s more RCI will provide you with 70% of the rental income year after year. Alternatively exchange your weeks for points and travel the World. “ I would like to know for how much they rent out these places? Most likely it will be in DVC rental rate??? Also when the owner exchanges with RCI whether their deposited inventory will be available for exchange to all RCI members (most likely only to POINTS members if they are lucky) or snapped up by RCI for rental just as DVC is presently. Since deposits from these resorts will be likely equal to DVC , I see more garbage weeks dumped from POINTS inventory to WEEKS inventory and prime gold crown weeks from WEEKS inventory (just as done now) put into RCI various RENTAL inventories. I quess in near future WEEKS will be known as "RCI GARBAGE DUMP".
Promotional Brochure for Whiterocks Resort (in Cyprus) partnering with Group RCI for exchanges and rental income http://www.whiterocksbafra.com/page.php?pageID=57&slideID=0

RCI Rental & Exchange Brochure http://www.whiterocksbafra.com/file/WhyGroupRCI.pdf

Also a link for Gordon Gurnik bio, President of Group RCI North America http://www.grouprci.com/media_center/es/show_source.cfm?id=55
He was responsible for development of many programs in RCI.

FYI

Greg

 

[acuchics]

We havent received any info on this. I just received an email at our personal email address saying they sent us an important private message at TUG BBS and to log in to see it. So my question is, What the heck is going on and when is the cut off date? Just so I can research and we can make a decision. The email came from someone named Goofyhobbie. I appreciate the email Goofyhobbie, but someone and NOT Stephan, get us up to speed please.

Thanks

 

[DeniseM]

All the current info. is in this thread. Goofyhobbie is a TUG member who has been very active in this case.

Here is a summary that was posted by the publisher of Timeshare Today on the 20th - http://www.tugbbs.com/forums/showthread.php?t=100107&page=25

 

[crazyhorse]

Terms of Membership

I have a couple of old "Directory of Resorts" books and have been comparing the wording in the Terms of Membership between then and now.

Both say that before you can request an exchange,
" you must deposit holiday ownership rights with us and we will put them into the RCI Pool of exchange accommodation"

The previous (old book) said

"By depositing Holiday Ownership rights, you relinquish all rights to use them and agree that those Holiday Ownership rights may be used by RCI without restriction to conduct exchanges, inspections visits, promotions and other purposes in RCI`s discretion."

Note that this does not mention Rental, although this could have been part of "other purposes."

The current version has altered the last condition to

"By depositing your Holiday Ownership with us, you relinquish all rights to use them and agree that they may be used by RCI without restriction"

Note that in the last sentence I have put in the bold type, not RCI.

Their print was pretty small! As has been mentioned above in general correspondence, RCI has not been very helpful in its notification of the settlement. It wasn`t very helpful either with the notification of the change of Terms of Membership!

Also in the Terms, the Variations paragraph suggests that any changes to the Terms will not come into effect until they (ie the changes) have been published. Again, I think they could have made a better job of informing their members regarding these changes, though I don`t expect that RCI would have revealed what they had in mind.

 

[Goofyhobbie]

Welcome to the thread

acuchics

Recommend that you go to page 20 of this thread and start with Post # 483. Then read at least through Post # 498.

 

[Jennie]

We havent received any info on this. I just received an email at our personal email address saying they sent us an important private message at TUG BBS and to log in to see it. So my question is, What the heck is going on and when is the cut off date? Just so I can research and we can make a decision. The email came from someone named Goofyhobbie. I appreciate the email Goofyhobbie, but someone and NOT Stephan, get us up to speed please. Thanks

The official information listed on the postcards directs class members to read information at: www.weeksprogramsettlement.com

Because some of the wording at that web site was was ambiguous, contradictory or unclear, we asked attorneys involved in the case to provide correct information.

Trusted TUG member "Goofyhobbie" then volunteered to prepare a summary of the correct information and instructions at: http://tinyurl.com/yjojo4t

Objections must be POSTMARKED by November 20, 2009.

A claim forms for one of 5 benefits must be filed on-line or POSTMARKED by November 20, 2009

You may file an objection AND apply for one of the five specified benefits.

 

[Carolinian]

If this goes the wrong way, we all need to be proactive in getting the word out about alternatives to our resorts and their members. Push to dual affiliate with II. Push to get info on the independents sent out to members. Many independents will even pay the postage for an issue of the resort newsletter if you include their brochure, which saves money for the HOA. DAE and PI I know will do this.

It is not just a matter of voting with our own feet, but bringing along as many others as possible.

I am keeping my fingers crossed that this does go the right way. I would dearly love to have the ''old RCI'' back instead of the greedy imposter that is now filling its shoes.

The only way to affect their bottom line is to not pay them anything. Exchange fees, membership fees, rental fees, exchange deposits, etc. Complaining, while still being a member, will not lead to change. In fact, with all this finally becoming public through this proceeding, future RCI members will be implicitly agreeing to participating in their scheme.

Once this is all done, unless significant changes occur in RCI's business model, I will be off their roles permanently. I think it is unlikely that RCI will change their business model because their primary customer is the shareholders, and they are better served by renting other people's property than providing a fair exchange service to a fee-paying membership. Unless we can convince the courts they are renting stolen property, they will be free to continue it with anyone silly enough to retain their membership.

File Your Objections, with or without explanation!

And be prepared to vote with your feet if you don't like the outcome.

 

[crazyhorse]

Terms of Membership (AGAIN)

The reason I wrote 662 was to show how RCI can change the terms of membership at a whim.

I believe (tell me if I am mistaken) that their new Settlement terms will have to be incorporated into their Terms of Membership.
RCI will not want to saddle themselves with a new form of T of M, which they would not be able to alter without contravening the Settlement.
Thus they have put in the Settlement the restriction that the main benefits (to any member) will only last for two years.
I am disregarding the extra freebees here!

This issue has been raised before I know in the TUGS bulletins by others including Carolinian. But it is worth restating.


The fact is that we want a reliable and transparant exchange system, that will be permanent and not last for only two years.
RCI wants to make a profit, and we would accept that. But they should run their business in a responsible manner.

The Settlement terms need to be rejected and renogotiated by the Plaintiff`s attorneys.

Personally, I would suggest the removal of the phrase regarding the 2 year period, thus making the Settlement terms permanent.

I would hope that their limitation of a deposit made " at least one year prior to its start date" (call this X) could be renegotiated towards "at least 6 months prior to its start date."

And that the period of keeping the deposited week solely in the exchange pool (call this Y) could be renegotiated from their proposed 30 days (ha ha!) to read in the form of "at least 90 days".

The option of not allowing RCI to put any deposited weeks into their Rental pool, though desirable is probably not an option!

With a "permanent" settlement agreed, hopefully, we could have a Exchange system which we could have confidence in.