US Senator Warren urges regulators to block Capital One-Discover deal

Feb 20 (Reuters) – U.S. Senator Elizabeth Warren said on Tuesday regulators must block Capital One Financial’s proposed $35.3 billion buyout of credit card issuer Discover Financial Services.

“The merger … threatens our financial stability, reduces competition, and would increase fees and credit costs for American families,” Warren said in a post on social media platform X, formerly known as Twitter. (Reporting by Niket Nishant in Bengaluru; Editing by Maju Samuel)

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