From Yahoo Finance: 2025-04-18 11:33:00

The Federal Reserve and OCC approve Capital One and Discover merger, creating largest U.S. credit card issuer. OCC’s approval requires corrective actions for Discover’s enforcement actions. Fed fines Discover $100 million for overcharging fees. Justice Department finds no competition concerns. Deal seen as test for Trump administration’s merger approval speed.

Read more: US Banking regulators OK Capital One, Discover deal