Benefits Of Approving $35B Capital One-Discover Merger Are Just 2% Of What Bank Claims, Community Advocates Write to Regulators
July 26, 2024
July 26, 2024
WASHINGTON, July 26 -- The National Community Reinvestment Coalition, an organization that works to uphold fair housing, fair lending and consumer protection laws, issued the following news release:
Approval of Capital One's proposed acquisition of Discover would generate just $5 billion for neglected communities, the National Community Reinvestment Coalition (NCRC) wrote in a comment letter ahead of Wednesday's deadline, noting that is approximately 2% of the amount the banks have . . .
Approval of Capital One's proposed acquisition of Discover would generate just $5 billion for neglected communities, the National Community Reinvestment Coalition (NCRC) wrote in a comment letter ahead of Wednesday's deadline, noting that is approximately 2% of the amount the banks have . . .