BIG by Matt Stoller personal blog
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.
- Points
- 210
- HN comments
- 176
- Submissions
- 1
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- 0 commenters
Tech Industry & BusinessSociety, Policy & Culture2024
On Hacker News
| Submitted | Title on HN | Points | Comments |
|---|---|---|---|
| Feb 23, 2024 | The Fed is behind the Capital One/Discover merger by yedava | 210 | 176 |
