{"id":6812,"date":"2024-03-06T13:20:35","date_gmt":"2024-03-06T13:20:35","guid":{"rendered":"https:\/\/news2shorts.com\/index.php\/2024\/03\/06\/capital-one-and-discover-merger-dangerous-consumer-groups-tell-fed\/"},"modified":"2024-03-06T13:20:35","modified_gmt":"2024-03-06T13:20:35","slug":"capital-one-and-discover-merger-dangerous-consumer-groups-tell-fed","status":"publish","type":"post","link":"https:\/\/news2shorts.com\/index.php\/2024\/03\/06\/capital-one-and-discover-merger-dangerous-consumer-groups-tell-fed\/","title":{"rendered":"Capital One and Discover merger \u2018dangerous\u2019, consumer groups tell Fed"},"content":{"rendered":"<p>Coalition of advocacy groups warn that deal would \u2018further concentrate risk\u2019 in the financial system and \u2018must be stopped\u2019<\/p>\n<p>Regulators have been urged to block Capital One\u2019s $35bn takeover of Discover by campaigners who say the blockbuster deal is \u201cdangerous, illegal, and must be stopped\u201d.<\/p>\n<p>Urging the Federal Reserve and Department of Justice to intervene, a coalition of more than a dozen advocacy groups cautioned that combining two of the largest credit card companies in the US would damage competition and \u201cfurther concentrate risk\u201d in the financial system.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2024\/mar\/06\/capital-one-discover-merger-dangerous-consumer-groups-tell-fed\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coalition of advocacy groups warn that deal would \u2018further concentrate risk\u2019 in the financial system and \u2018must be stopped\u2019 Regulators have been urged to block Capital One\u2019s $35bn takeover of Discover by campaigners who say the blockbuster deal is \u201cdangerous, illegal, and must be stopped\u201d. Urging the Federal Reserve and Department of Justice to intervene, &#8230; <a title=\"Capital One and Discover merger \u2018dangerous\u2019, consumer groups tell Fed\" class=\"read-more\" href=\"https:\/\/news2shorts.com\/index.php\/2024\/03\/06\/capital-one-and-discover-merger-dangerous-consumer-groups-tell-fed\/\" aria-label=\"Read more about Capital One and Discover merger \u2018dangerous\u2019, consumer groups tell Fed\">Read more<\/a><\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-6812","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/6812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=6812"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/6812\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=6812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=6812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=6812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}