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TD Bank commits $20b to support underserved communities - The Washington Informer

The Fed Is Behind the Capital One/Discover Merger

In 2010, Congress capped fees for debit card networks so merchants don't get gouged by Visa and Mastercard. But the Fed stuck in a loophole for Discover. And that is leading Capital One to buy it.

Do you carry credit card debt? Why Capital One is betting on it

Swelling American credit card debt has Capital One Financial counting on a $30 billion merger with credit-lending heavy hitter Discover Financial. Since the pandemic, American consumers have relied more on credit card usage to support increased spending.

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