The Biden Administration Takes a Swipe at Credit Card Industry

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The Biden Administration Takes a Swipe at Credit Card Industry

Fri, 03/29/2024 - 12:47
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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. Now they’re trying to stop Capital One from acquiring the credit card company Discover. That’s a bizarre cease-anddesist order, because this acquisition by Capital One would INCREASE rather than inhibit competition in…

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