Capital One's Response to the Federal Reserve's Third Request for Information (June 14, 2024) (PDF) Additional Information Request Related to the Application by Capital One Financial Corporation to Acquire Discover Financial Services (July 5, 2024) (PDF)

Sep 4, 2024 · Unsure what exactly the Federal Reserve is and what it does? Learn more about the purpose of the Federal Reserve and how it affects your daily life.

The OCC and the Federal Reserve are the two federal banking regulators charged with reviewing the Capital One-Discover tie-up. The OCC is charged with approving the deal at the bank level while the Fed must approve the action by the two holding companies.

Aug 20, 2024 · Capital One and Citigroup plan to join the Federal Reserve’s one-year-old instant payments system, FedNow, sometime soon, representatives of those major banks said. The two big banks are part of a small pack of major banks that haven’t yet become FedNow participants.

With the acquisition of the Discover Nonbanking Companies, Capital One will scale and leverage the benefits its eleven-year technology transformation across the Discover payments network to provide customers and merchants expanded products and services within Capital One’s robust risk management framework.

May 20, 2024 · A virtual public meeting will be held regarding the proposal by Capital One Financial Corporation, McLean, Virginia, to acquire Discover Financial Services, Riverwoods, Illinois, and thereby indirectly acquire Discover Bank, Greenwood, Delaware, pursuant to section 3 of the Bank Holding Company...

May 14, 2024 · The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) today announced a joint public meeting on the proposal by Capital One Financial Corporation, of McLean, Virginia, to acquire Discover Financial Services, of Riverwoods, Illinois.

FEDERAL RESERVE SYSTEM Public Meeting: Proposal by Capital One Financial Corporation to Acquire Discover Financial Services and Discover Bank, and for Discover Bank to Merge with and into Capital One, National Association AGENCY: Board of Governors of the Federal Reserve System (Board) and Office of the

Apr 26, 2024 · Capital One is in contact with the Justice Department over the bank’s proposed acquisition of Discover, as the DOJ advises bank regulators that are reviewing the deal with an eye toward competition, Capital One CEO Richard Fairbank said Thursday.

May 15, 2024 · The Federal Reserve Board and the Office of the Comptroller of the Currency will hold a virtual meeting July 19 to allow public comment on Capital One Financial’s proposed $35.3 billion acquisition of Discover Financial Services, the regulators said in a press release Tuesday.