Capital One merger proposal meets staunch pushback during virtual meeting

The proposed merger between Capital One Financial and Discover Financial Services has ignited some heated debate among industry stakeholders, federal regulators, members of Congress, and consumer advocates. Capital One fielded a slew of opposing viewpoints during a virtual meeting open to the public on July 19. The day-long virtual event also included finger-pointing directed at federal financial regulators for being too lax in their approval process for mergers of this scale.