Skip to content
Sign up to receive our free weekday morning edition, and you'll never miss a scoop.
The combination could make the resulting firm the largest credit card company in the United States, as well as the country’s sixth-largest bank.

Virginia lawmakers hail Capital One amid merger review

A sizable portion of the Virginia congressional delegation sent a letter to federal regulators lauding Capital One as the bank navigates a high-profile bank merger approval with Discover Financial.

The document, dated July 10 and first shared here, reads like a letter of recommendation for the Virginia-based credit card giant. Virginia lawmakers like Sens. Tim Kaine (D) and Mark Warner (D) and Reps. Gerry Connolly (D) and Rob Wittman (R) encourage regulators to “appropriately consider the contributions that Capital One has made to Virginia.”

Subscripion logo

You're seeing a preview of our Premium Policy: The Vault financial services and tax policy coverage. Read the full story by subscribing here.

Presented by Comcast

Live sports streaming has driven many of the top 10 Internet traffic events in Comcast network history in just the past two years alone. Comcast is innovating its network so fans can stream the biggest moments in sports with the most reliable connection and ultra-low latency.

 

Learn more

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Presented by Comcast

Live sports streaming is driving record-breaking Internet usage. Comcast is pioneering the network of the future to give fans the most reliable sports streaming experience with ultra-low latency.

 

Learn more