Justice Department Approves Capital One-Discover $35B Merger Despite Antitrust Concerns

The Justice Department has approved Capital One Financial’s proposed $35 billion acquisition of Discover Financial, despite concerns that the merger could breach antitrust regulations.

The American Economic Liberties Project, Americans for Financial Reform Education Fund, National Community Reinvestment Coalition, and Public Citizen have called on regulators to prevent the Capital One-Discover merger, citing concerns under federal antitrust and banking laws.

Read more at Banking Exchange