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The Fed Is Behind the Capital One/Discover Merger
https://www.thebignewsletter.com/p/the-fed-is-behind-the-capital-onediscover
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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.
