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> The deal, which is expected to receive intense antitrust scrutiny, So... it is highly possible/more than likely it will not go through?
I mean, T-Mobile bought Sprint. Antitrust laws might as well not exist in America
More discussion over here: https://news.ycombinator.com/item?id=39433109
I've always heard Discover was a good company to work for and they had the best customer support. Capital One is the opposite of both of those things so I hope the government steps in here.
I know someone who wasted two years trying to use a capital one secured credit card to help rebuild their credit history. The initial card offer was a $300 secured card and they figured it was the best they could do, ho hum, and just patiently plugged away For two years, they used the card routinely, paid if off religiously...sometimes having a monthly spend three times the limit. They would periodically request eith…
Once they had the additional data that another company evaluated them as trustworthy, their trustworthiness to Capital One seems to have gone up. They didn’t want to be the only one bearing risk.
I've always heard Discover was a good company to work for and they had the best customer support. Capital One is the opposite of both of those things so I hope the government steps in here.
> The deal, which is expected to receive intense antitrust scrutiny, So... it is highly possible/more than likely it will not go through?
basically deal goes thru is p(republican admin takes over) + p(win in court) + p(settlement deal of some sort).
All of the people who didn't vote for Trump in 2020, why would they flip from Democrat to Republican and vote for him in 2024?
Earlier quoted context omitted.
Do North American consumers/merchants pay less in processing fees overall than European/Asian counterparts or is it roughly 1-3% all over the world?
As far as I can tell, consumer interchange fees in the US are significantly higher than they are in Europe. The interchange fees for Visa and MC consumer products within the EEU are 0.2–0.3%[0][1], whereas in the US they are from 1–3%[2][3]. [0] https://www.visa.co.uk/dam/VCOM/regional/ve/unitedkingdom/PD... [1] https://www.mastercard.co.uk/content/dam/public/mastercardco... [2] https://usa.visa.com/content/dam/VCOM/…
> The deal, which is expected to receive intense antitrust scrutiny, So... it is highly possible/more than likely it will not go through?
I mean, T-Mobile bought Sprint. Antitrust laws might as well not exist in America
But before T-mobile bought Sprint, ATT was blocked from acquiring T-mobile.
Visa and Mastercard and their highly anticompetitive tactics early in the network landgrab for the payment card space foretold what would happen in the tech space (that is to say do whatever you can to win the landgrab which is exactly what Google/FB did). DFS never caught on. Now the landscape has changed and this deal sort of serves as a bookend. People in fintech should go after the Visa/MC monopoly. There is no “…
My feeling is Google / FB have done nothing close to Visa / MC when it comes to landgrabbing, but I am open to information / arguments.
Earlier quoted context omitted.
I know someone who wasted two years trying to use a capital one secured credit card to help rebuild their credit history. The initial card offer was a $300 secured card and they figured it was the best they could do, ho hum, and just patiently plugged away For two years, they used the card routinely, paid if off religiously...sometimes having a monthly spend three times the limit. They would periodically request eith…
That certainly sucks, but also kind of makes sense? Once they had the additional data that another company evaluated them as trustworthy, their trustworthiness to Capital One seems to have gone up. They didn’t want to be the only one bearing risk.
> The deal, which is expected to receive intense antitrust scrutiny, So... it is highly possible/more than likely it will not go through?
I mean, T-Mobile bought Sprint. Antitrust laws might as well not exist in America