{"id":2425154,"date":"2025-04-18T15:29:02","date_gmt":"2025-04-18T19:29:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/credit-card-regulators-approve-capital-one-and-discover-merger-washington-examiner\/"},"modified":"2025-04-18T15:31:05","modified_gmt":"2025-04-18T19:31:05","slug":"credit-card-regulators-approve-capital-one-and-discover-merger-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/credit-card-regulators-approve-capital-one-and-discover-merger-washington-examiner\/","title":{"rendered":"Credit card regulators approve Capital One and Discover merger &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcredit-card-regulators-approve-capital-one-and-discover-merger-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2425154&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The Federal Reserve&#8217;s board of Governors adn the Office of the Comptroller of the Currency have approved a $35 billion merger between Capital One and Discover Financial Services. This decision is expected to pave the way for additional mergers, influenced by the favorable business consolidation atmosphere promoted by the Trump administration. The merger, announced over a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/months-after-telling-us-we-didnt-need-them-cdc-begs-americans-to-just-wear-the-mask\/\" title=\"Months After Telling Us We Didn\u2019t Need Them, CDC Begs Americans To \u2018Just Wear the Mask\u2019\">year ago<\/a>, will significantly expand Capital One&#8217;s assets to more than $650 billion, with the deal anticipated to close by May. While it may enhance merchant acceptance rates for Discover, which serves customers with <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-newest-foray-into-anti-racism-will-actually-hurt-minorities\/\" title=\"Democrats\u2019 Newest Foray Into \u2018Anti-Racism\u2019 Will Actually Hurt Minorities\">lower credit scores<\/a>, there are concerns about the potential for increased credit card interest rates for its customers. Additionally, as part of the agreement, Capital One must adhere to a consent order related to Discover\u2019s previous overcharging of certain fees.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Credit card regulators approve Capital One and Discover merger<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1561568\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Capital One&rsquo;s <a href=\"https:\/\/www.washingtonexaminer.com\/section\/news\/business\/\" target=\"_blank\" rel=\"noopener\" title=\"\">merger<\/a> with Discover Financial Services in a $35 billion deal was approved by the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/federal-reserve\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Federal Reserve&rsquo;s<\/a> Board of Governors and the Office of the Comptroller of the Currency.&nbsp;<\/p>\n<p>The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-media-stock-plummets-as-date-for-him-to-cash-out-nears-washington-examiner\/\" title=\"Trump Media stock plummets as date for him to cash out nears - Washington Examiner\">merger&#038;rsquo<\/a>;s approval will likely encourage more deals, which was predicted due to President Donald Trump&rsquo;s largely friendly nature toward business consolidation.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance\/3380463\/newsom-signs-bill-2-billion-medicaid-gap-coverage-illegal-immigrants\/\">Newsom signs bill to close $2.8 billion Medicaid gap after expanding coverage to illegal immigrants<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance\/3378163\/state-farm-compromises-emergency-rate-hikes-california\/\">State Farm compromises on emergency rate hikes for Californians<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance\/3375707\/joy-behar-america-martial-law-dictator-trump\/\">Joy Behar suggests America could <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/state-farm-compromises-on-emergency-rate-hikes-for-californians-washington-examiner\/\" title=\"State Farm compromises on emergency rate hikes for Californians - Washington Examiner\">face martial law<\/a> with &#8216;dictator&#8217; Trump<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>&ldquo;Our sense was that several executives were watching how the Capital One-Discover process transpired,&rdquo; <a href=\"https:\/\/www.wsj.com\/finance\/banking\/capitol-one-discover-merger-3c711d34\" target=\"_blank\" rel=\"noopener\" title=\"\">said <\/a>Barclays analyst Jason Goldberg, suggesting financial leaders have been eager to see how the Trump administration responded to mergers.<\/p>\n<p>The all-stock deal was announced more than a year ago and would lead Capital One to have more than $650 billion in assets. Capital One said it expects to close the deal by May.<\/p>\n<p><span style=\"background-color: rgba(0, 0, 0, 0.2);\"><b><a href=\"https:\/\/www.washingtonexaminer.com\/op-eds\/3382248\/credit-unions-help-people-succeed-financially\/\" target=\"_blank\" rel=\"noopener\" title=\"\">CREDIT UNIONS BIG AND SMALL HELP PEOPLE SUCCEED FINANCIALLY<\/a><\/b><\/span><\/p>\n<p>Discover, which caters to customers with subprime credit scores in the 600s range, will likely see an increase in merchant acceptance rates. However, there&rsquo;s also concern that customers could <a href=\"https:\/\/amzn.to\/3YuVZYV\">face higher credit card interest rates<\/a>.<\/p>\n<p>As part of the deal, Capital One will have to comply with Discover&rsquo;s consent order, where the company was given a $100 million penalty&nbsp;&ldquo;for overcharging certain interchange fees from 2007 through 2023.&rdquo; The company is repaying those fees to the affected customers.<\/p>\n<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1561568\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1561568\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Regulators approve Capital One-Discover $35B merger<\/p>\n","protected":false},"author":2542,"featured_media":2425155,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/04\/Capital-One.webp","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[48884,41258,9504,16353,9830],"class_list":["post-2425154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-capital-one","tag-credit-card","tag-discover","tag-merger","tag-regulators"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/04\/Capital-One.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2425154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2542"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2425154"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2425154\/revisions"}],"predecessor-version":[{"id":2425158,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2425154\/revisions\/2425158"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2425155"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2425154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2425154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2425154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}