The proposed Capital One takeover of Discover would create a mammoth bank that would undermine competition, raise prices, and harm consumers. The merger would create the biggest credit card lender — holding nearly one-third of credit card loans to consumers with non-prime credit scores — and put Capital One in a position to use its market power to raise prices on virtually captive consumers.
The post Fact Sheet: Antitrust Implications of the Proposed Capital One-Discover Merger appeared first on Americans for Financial Reform.