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Capital One Says Overdraft Fee Claims Are Preempted

By Carolina Bolado (June 4, 2014, 7:38 PM EDT) -- Capital One NA urged a Florida federal court Wednesday to follow the Ninth Circuit's lead and rule that the National Bank Act preempts claims in multidistrict litigation accusing the bank of illegally manipulating debit card transactions to collect hundreds of millions of dollars in excessive overdraft fees....

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