- Capital One is readying an acquisition of Discover Financial Services, according to The Wall Street Journal.
- The deal would merge two of the largest credit-card issuers in the US.
- Discover is coming off a difficult year after compliance lapses led to a CEO resignation.
Discover is a necessary also-ran. Capital One is only interested in predatory lending. I’ve applied for and been denied C1 cards the twice ive applied as I did not “have sufficient revolving credit balances”, e.g. they wouldn’t make money off me.
Hope FCC sues to block.
Would it be the FCC or the FTC or the SEC?
I see no reason the FCC would be involved. That person is clearly just butt hurt and doesn’t know what they’re talking about.