Capital One's Response to the Federal Reserve's Third Request for Information (June 14, 2024) (PDF) Additional Information Request Related to the Application by Capital One Financial Corporation to Acquire Discover Financial Services (July 5, 2024) (PDF)

Sep 4, 2024 · Unsure what exactly the Federal Reserve is and what it does? Learn more about the purpose of the Federal Reserve and how it affects your daily life.

The OCC and the Federal Reserve are the two federal banking regulators charged with reviewing the Capital One-Discover tie-up. The OCC is charged with approving the deal at the bank level while the Fed must approve the action by the two holding companies.

May 14, 2024 · The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) today announced a joint public meeting on the proposal by Capital One Financial Corporation, of McLean, Virginia, to acquire Discover Financial Services, of Riverwoods, Illinois.

FEDERAL RESERVE SYSTEM . Public Meeting: Proposal by Capital One Financial Corporation to acquire Discover Financial Services and Discover Bank, and for Discover Bank to merge with and into Capital One, National Association. AGENCIES: Board of Governors of the Federal Reserve System (Board) and Office of the Comptroller of the Currency (OCC).

Mar 26, 2024 · In its applications to federal regulators, Capital One is leaning into the argument that it will increase payment network competition by acquiring and elevating the fourth-largest card network, Discover.

Apr 26, 2024 · Capital One is in contact with the Justice Department over the bank’s proposed acquisition of Discover, as the DOJ advises bank regulators that are reviewing the deal with an eye toward competition, Capital One CEO Richard Fairbank said Thursday.

May 14, 2024 · The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) today announced a joint public meeting on the proposal by Capital One Financial Corporation, of McLean, Virginia, to acquire Discover Financial Services, of Riverwoods, Illinois.

Nov 26, 2024 · In a Nov. 20 letter to the Federal Reserve's board of governors and the Office of the Comptroller of the Currency, Sen. Elizabeth Warren of Massachusetts and Rep. Alexandria Ocasio-Cortez of New York, among others, cite Capital One’s broken promises and repeated regulatory action against the bank.

Nov 21, 2024 · The Federal Reserve and the Office of the Comptroller of the Currency should reject Capital One Financial Corp.’s proposed acquisition of Discover Financial Services, Congressional Democrats including Massachusetts Senator Elizabeth Warren told Federal Reserve Vice Chair Michael Barr and Acting Comptroller of the Currency Michael Hsu in a letter.