The Biden Administration Takes a Swipe at the Credit Card Industry, and Consumers Could Pay the Price
If Discover and Capital One combine forces, we could see the emergence of a fourth major player on the scene. If three major rivals compete, that’s good. If four do, that’s even better for consumers.
The Biden administration regulators see a monopoly boogeyman behind the curtain of nearly every business merger and acquisition — from airlines to cellphones to chicken producers.
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