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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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[–] pdxfed 6 points 9 months ago (1 children)

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.

[–] hydrospanner 3 points 9 months ago (1 children)

Would it be the FCC or the FTC or the SEC?

[–] DoomBot5 -1 points 9 months ago

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.