Capital One-Discover deal gets nod from Fed, OCC

By Yahoo! Finance   |   3 weeks ago
Capital One-Discover deal gets nod from Fed, OCC

The Federal Reserve and OCC approved Capital One's acquisition of Discover, with the Fed fining Discover $100 million for overcharging interchange fees. The deal, expected to create the largest U.S. credit card issuer, awaits final regulatory nods after meeting conditions.

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