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Capital One Financial services has completed its acquisition of former credit card rival Discover Financial Service, the ...

In 2023, Discover revealed that it had overcharged merchants on certain credit card transactions since 2007—a disclosure that drew regulatory attention and required corrective action.

Capital One acquired Discover in an all-stock transaction valued at $35.5 billion.

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Capital One Financial Corporation today announced that it has completed its acquisition of Discover Financial Services. “I am particularly grateful for the leadership and partnership of Discover’s ...