AFREF wrote a letter in opposition to the proposed Capital One Financial Corporation acquisition of Discover Financial Services, which would substantially erode competition and disadvantage consumers and merchants. The transaction would create the nation’s biggest credit card lender, one of the biggest banks, and a powerful vertically integrated payments network combined with a branch bank and credit card issuer.
The post Letters to the Regulators: AFR Submits Filing in Opposition to Capital One Financial Corporation’s Acquisition of Discover Financial Services appeared first on Americans for Financial Reform.