Capital One's $265 Billion Benefits Plan Not Quelling Critics
Also, Hsu offers defense of federal preemption; agencies approve automated appraisal rule; new Finra enforcement jobs
Capital One, looking to goose support for its proposed merger with Discover Financial Services, today made a series of big-ticket commitments for boosting underserved borrowers. It’s the type of “community benefit” plan that banks often release to help grease the skids for deals – only this time, it’s not exactly producing a stampede of support.
At the …