Posted on 02/20/2024 2:07:12 PM PST by ChicagoConservative27
A proposed Capital One-Discover merger drew swift backlash from some Democratic lawmakers and consumer advocacy groups who say the deal could reduce competition and increase fees and costs for consumers.
“With a merger this size, the regulators need to ensure our financial system remains strong and competitive, so that consumers continue to have access to safe, affordable financial products and services,” said Senate Banking Committee Chair Sherrod Brown (D-Ohio).
“A rubber-stamped merger that makes powerful financial companies even bigger and more powerful will do nothing for families,” he added.
Capital One announced Monday that it would acquire Discover Financial Services in a $35.3 billion, all-stock deal. The deal could close as early as late 2024, pending approval from regulators and shareholders of the two companies.
(Excerpt) Read more at thehill.com ...
I am on their side on this too. However, they are not consistant with how they pick and choose when to apply anti trust and they sure as hell do not care about families.
the rest of America is not too far behind the Black family at this point
All politicians, lawyers, and so-called “journalists” need a deep remedial course in “Speaking and Writing Without Resorting to Hyperbole: Why Hyperbole Makes You Look Stupid and Gets You Ignored”
Note to all those people I just mentioned: If you want to “make a difference” (and you always tell us that’s why you chose your field), apply a strong measure of reality to your thought and writing processes.
Hypocrisy thy name is democrat.
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