CapOne/Discover Deal Open for More Comment
The FRB and OCC today took the unusual step of extending the public comment period on the Capital One/Discover merger until May 31. Typically, the agencies keep the comment deadlines as is, receiving more comments when desired via public hearings and then delaying action on a proposal until it suits them to make an announcement. This move seems intended to ensure that the furor over this merger is not exacerbated by assertions that the agencies cut short the public-comment process in any way.