On Monday, a lawsuit filed in Virginia that accused Capital One of imposing excessive charges on credit and debit card transactions in foreign currencies was dismissed by a federal judge. Judge Patricia Tolliver Giles, presiding in Alexandria, concluded that the cardholders who initiated the class action suit failed to pinpoint any explicit and straightforward terms within their card agreements regarding the rates and fees Capital One could apply. The lawsuit, brought forward by four individuals, claimed that Capital One inflated its profits by applying “fictional” rates for converting transactions made in foreign ... (full story)