Capital One-Discover Merger Cleared By DOJ: What To Know About The $35 Billion Mega Deal
1. Capital One's merger with Discover cleared major regulatory hurdles. 2. The merger would create the largest credit card issuer in the U.S. 3. Approval may lessen the dominance of Visa and Mastercard. 4. Critics warn merger could lead to higher fees for consumers. 5. Regulatory sign-offs from Federal Reserve and Comptroller are still needed.