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Democrats have been broadly skeptical of this merger, which would be the largest approved by federal authorities since Dodd-Frank was passed.
The Vault
February 28, 2024

Progressives don’t buy Capital One-Discover as competition boon

Congress is still digesting the Capital One-Discover merger announced earlier this month.

But the response so far hasn’t been great, even among progressives who have previously signaled concerns about the high costs paid by merchants for credit card transactions.

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Durbin has concerns on Capital One-Discover merger
The Illinois Democrat seemed skeptical that Capital One’s merger could inject competition into the U.S. credit card market.
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Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.
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