Capital One Takeover of Discover Portends More Predatory Credit Card Interest Rates and Junk Fees
Government watchdog Accountable.US calls the major announcement Capital One will buy out Discover Financial Services — merging two of the biggest U.S. credit card companies — nothing but a raw deal for American consumers. The proposal comes on the heels of a new report from the Consumer Financial Protection Bureau (CFPB) finding Capital One is among largest credit card issuers that offer cards with a maximum purchase APR over 30 percent, needlessly costing American families an extra $400 to $500 per year. Читать дальше...