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Could the Credit Card Competition Act Impact Credit Unions?

Credit unions are among the few institutions where consumers can go to save on fees and interest rates for different banking services and loans. These not-for-profit cooperative financial institutions are ....

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Will the Capital One-Discover deal stall Durbin's interchange bill?

Will the Capital One-Discover deal stall Durbin's interchange bill?
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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Discover's merger with Capital One may mean luxe lounges, better service, plus more perks

Capital One's acquisition of Discover could mean fancy airport lounges, better service and perks for consumers but little actual cash savings. ....

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Capital One's $35 bln Discover deal hinges on playing consumer champion

Capital One s chances of
getting its $35.3 billion deal for Discover Financial
past regulators hinge on the bank showing it can disrupt the
close-knit U.S. credit card industry, five experts in. ....

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Analysis-Capital One's $35 billion Discover deal hinges on playing consumer champion

Capital One's chances of getting its $35.3 billion deal for Discover Financial past regulators hinge on the bank showing it can disrupt the close-knit U.S. credit card industry, five experts in corporate law interviewed by Reuters said. Investors are assigning only a 50% chance to the deal being completed amid concerns the proposed acquisition could become a lightning rod for U.S. regulators and lawmakers fretting over high credit card interest rates and fees. To boost its chances of getting the deal approved, Capital One will have to show it will share some of the deal's $2.7 billion in projected pre-tax cost-savings with consumers, the people said. ....

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