Democratic chorus against proposed Capital One-Discover merger grows louder
The proposed merger between credit card companies Capital One and Discover has been criticized by Democrats on the House Financial Services Committee for what they say are mergers and lax regulation of the financial sector. 16 Democrats on the House Financial Services Committee, including Ranking Member Maxine Waters (D-Calif.); wrote a letter On Wednesday, he […]
Congressional Democrats urge U.S. to block Capital One-Discover deal – The Washington Post
Thirteen leading Democratic members of Congress on Sunday called on the Biden administration to reject the proposed merger of Capital One and Discover Financial Services, saying the merger would reduce banking and credit card options for customers and create expensive It warned that fees could be imposed. Lawmakers led by Sen. Elizabeth Warren (D-Mass.) also […]
AT&T’s outage nightmare, Nvidia smashes records, Capital One-Discover merger
The president of Yardeni Research gave his views on the easing of pessimism in the stock market, saying that the economy is “very resilient” in terms of “making money”. — Nationwide cell phone outage caused by AT&T leaves customers without their phones. — Nvidia leads Dow, S&P 500 and Nasdaq to break records — Capital […]
Paycheck-to-Paycheck Consumers Could Benefit From Capital One/Discover Deal – PYMNTS.com
In what could be one of the biggest acquisitions of the decade, Capital One recently announced it wants to buy Discover Financial in a deal valued at more than $35 billion. If regulators approve the deal, it will combine two of the largest U.S. credit card issuers to create a global payments platform with 70 […]
Capital One-Discover merger could put a bigger squeeze on credit card users, experts warn – NBC News
capital ones $35.3 billion acquisition deal Discover is far from complete. But consumer advocates and some lawmakers are already raising questions about how the proposed merger could affect credit card users, many of whom already have high interest rates. and under pressure from record debt. Sen. Elizabeth Warren (D-Massachusetts) has long supported stronger financial regulation. […]
Democrats blast ‘dangerous’ Capital One-Discover merger
The proposed merger between Capital One and Discover quickly drew pushback from some Democratic lawmakers and consumer advocacy groups, who argued that the partnership could reduce competition and increase rates and costs for consumers. . Senate Banking Committee Chairman Sherrod Brown (D-Ohio) said, “When it comes to mergers of this size, regulators need to do […]
