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+ Vault financial services and tax policy coverage. Read the full story by subscribing here.

Presented by AstraZeneca

The 340B program was created to help patients. Instead, it’s helping hospitals earn massive profits. The 340B Rebate Model Pilot uses rapid verification of existing data to prevent duplicate discounts, strengthening program transparency and efficiency. Urge HHS to implement the Rebate Model Pilot and ensure 340B functions as intended. Get the facts.

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

Presented by AstraZeneca

The 340B program is supposed to help vulnerable patients—but without strong safeguards, it’s siphoning away funds that could be used for free and charitable medicine. The 340B Rebate Model Pilot improves program integrity, preventing duplicate discounts and strengthening accountability. Urge HHS to implement the pilot today. Learn why it matters.

Welcome to Punchbowl News AM! We're glad to have you here.

Want to get more of what you need? Share a bit more about yourself to help us tailor your reader experience.

Thank you for signing up!

Thank you for signing up!

 

We have sent you a confirmation email. Please follow the provided instructions to complete your sign-up.

Thank you for confirming! You are now subscribed to the Punchbowl News AM list.

You're subscribed! Welcome to the community.