this post was submitted on 19 Feb 2024
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Capital One is set to acquire Discover, merging 2 of the US' largest credit-card companies (www.businessinsider.com)
submitted 9 months ago by MicroWave to c/economics
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  • 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.
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[–] shalafi 12 points 9 months ago

I have both cards and have been happy enough. But fuck me, this cannot be good for consumers.

Discover is coming off of a difficult year in which compliance lapses found in an internal review led to the resignation of its CEO.

Is THAT why Discover suddenly wanted my tax return data?