New York Times: Regulators Rethink Big Bank Deal

New York Times, March 22, 2024, Regulators Rethink Big Bank Deal

The Discover deal was already poised for tight scrutiny. Rohit Chopra, the director of the Consumer Financial Protection Bureau, told DealBook that the credit card market had been consolidating for years, and that “any proposed transaction is going to get a very close look.”

Progressive advocacy groups have also pushed for close examination of the transaction.

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