Two regulators signed off on the $35 billion deal, which the banks say will create a competitor to Visa and Mastercard. But consumer advocates warn that the deal may raise costs.
Capital One and Discover Can Merge, Regulators Say
Written by
in
Antitrust Laws and Competition Issues, Capital One Financial Corporation, Consumer Protection, Credit Cards, Discover Financial Services, Federal Reserve System, Mergers, Acquisitions and Divestitures, National Community Reinvestment Coalition, Office of the Comptroller of the Currency, Regulation and Deregulation of Industry