Capital One’s Discover deal overcomes DOJ hurdle, NY Times reports

The DOJ has told regulators that it doesn’t see sufficient competition concerns to block Capital One’s (COF) proposed acquisition of Discover (DFS), The New York Times’ Lauren Hirsch and Danielle Kaye report, citing two people with knowledge of the matter. The DOJ had been concerned, in part, about the impact the deal would have on potential credit card users who have no credit, but sent a letter this week to the Federal Reserve and the Office of the Comptroller of the Currency saying it had concluded its investigation and did not believe there were concerns that warranted blocking the deal, according to the people.