Reported about 1 month ago
New York Attorney General Letitia James is investigating the proposed $35.3 billion merger between Capital One and Discover Financial Services to determine if it violates state antitrust laws. The investigation has escalated due to Capital One's alleged lack of cooperation, prompting a request for a subpoena. The merger, which would create the largest U.S. credit card issuer, is projected to significantly affect New Yorkers with subprime credit and raises concerns about reduced competition and increased consumer costs.
Source: YAHOO