Capital One/Discover Financial: DOJ Refocuses on How Deal Would Affect Borrowers Without Credit Histories; Divided Over Strength of Case

Published on Mar 28, 2025

DOJ has refocused its review of Capital One’s (COF) proposed takeover of Discover Financial (DFS) on how the $35.3 billion deal could harm consumers with no credit history after determining it wouldn’t have a strong enough court case to block the transaction based on staff’s concerns about the subprime sector, sources familiar with the matter […]

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