The New York Times, April 3, 2025, Capital One Deal for Discover Clears Justice Dept. Hurdle
Jesse Van Tol, the chief executive of the National Community Reinvestment Coalition, which has been opposing the deal since it was announced, said Capital One’s acquisition of Discover would allow one of the country’s biggest credit card issuers to control its own network. That element of the merger — seen as a type of vertical integration — does not have clear precedent, he said, and raises anticompetitive concerns.
“The market power it gives them, and the opportunity it gives them to set pricing in ways that captures a lot of value for the company at the expense of the consumer, is significant,” Mr. Van Tol said.
