Capital One Just Bought Discover. Here’s What It Means for Their Customers
Business Insider
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Julian Morris, senior scholar at ICLE, was quoted in this Business Insider article on Capital One-Discover merger. Read the full article here.
In a white paper published in July, four economists and lawyers at the International Center for Law & Economics wrote that the merger might finally end the Visa and MasterCard “duopoly.”
They added that the merger would let Capital One switch its debit cards to Discover’s payment networks, and it might offer “more attractive products to depositors.” This could include free checking accounts with no minimum balance rules and debit cards with cash back for lower-income customers.