Democrats urge Biden administration to block Capital One, Discover merger ...Middle East

The Hill - News
Democrats urge Biden administration to block Capital One, Discover merger
Several Democrats urged the Biden administration on Sunday to block a proposed merger between Capital One and Discover Financial Services, arguing that it would consolidate the credit card market and limit consumer choice. Sen. Elizabeth Warren (D-Mass.) and twelve House Democrats noted that the $35.3 billion merger would move Capital One from its standing as the nation’s ninth-largest bank to its sixth largest, and would also make the company the country’s largest credit card issuer. “This merger is bad for consumers,” the group said in a letter to Michael Barr, the vice chair for supervision of the Federal Reserve Board of Governors, and acting Comptroller Michael Hsu. “To prot

Hence then, the article about democrats urge biden administration to block capital one discover merger was published today ( ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Democrats urge Biden administration to block Capital One, Discover merger )

Apple Storegoogle play

Last updated :

Also on site :