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March 05, 2024 | The Sling

Dylan Gyauch-Lewis

Op-Ed Anti-MonopolyFinancial Regulation

The Proposed Merger of Capital One and Discover Deserves Rigorous Scrutiny

Last month, Capital One announced that it plans to purchase Discover in a deal worth $35.3 billion. For their campaign to secure regulatory approval, Capital One is trying to act like a benevolent pro-consumer company that will use economies of scale to lower interest rates and ramp up competition with Visa and Mastercard. But that’s probably baloney.