View or download a PDF of the fact sheet here.

The proposed acquisition of Discover by Capital One would create the sixth-largest bank in the United States, with $624 billion in domestic assets. This transaction fails to meet the public interest conditions under the Bank Merger Act that directs banking regulators to reject mergers, like the Capital One-Discover transaction, that fail to further the convenience and needs of communities, have regulatory or consumer compliance problems, or pose risks to the stability of the banking or financial system. Capital One has a demonstrated record of failing to fulfill the commitments it made to secure previous merger approvals, which alone warrants the rejection of this merger.