"Assessing the Consumer Impact of the Capital One-Discover Merger"
The proposed merger between Capital One and Discover is being touted as a move to create competition for Visa and Mastercard, but experts argue that it would actually harm consumers and businesses. The merger would make Capital One the largest credit card lender in America, but it's unlikely to lower credit card processing fees. Instead, it could lead to higher fees and prices for consumers, as well as limited benefits for merchants. The claim that the merger is good for competition is being criticized as misleading and potentially harmful.