Capital One (COF) Gets Victory in Lawsuit Filed by Cardholders

The lawsuit filed against Capital One Financial Corporation (COF) , claiming that the company overcharged its credit and debit card customers on foreign currency related transactions, has been dismissed. The news was reported by Reuters.The plaintiffs had claimed that Capital One tried to maximize profits by charging “fictional” rates while converting foreign currency transactions into dollars.They said that COF ignored the rules that were set by Visa and Mastercard for the use of wholesale market rates or ...