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Cap One could dodge law requiring added processing capacity

Thread starter Hoca
Start date Mar 11, 2024

Hoca

Administrator

Staff member

Mar 11, 2024

Capital One could be excluded from the proposed Credit Card Competition Act of 2023 if its acquisition of Discover Financial Services goes through and the bank creates an in-house processor. Read more on the Capital One, Discover deal The proposed act, introduced in June 2023 by U.S. Sen. Richard Durbin, D-Ill, would require credit card […]

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