<ul><li>Capital One has finalized its $35 billion acquisition of Discover, creating the largest credit card issuer in terms of loan volume in the U.S.</li><li>The deal was approved by regulatory authorities and praised by Capital One's Founder/CEO Richard D. Fairbank for the innovation it brings.</li><li>The acquisition was subject to scrutiny, with Democratic lawmakers expressing concerns about possible negative impacts on consumers and small businesses.</li><li>Capital One gains scale and expanded capabilities through the merger, aiming to compete more strongly in the payments industry against Visa and Mastercard.</li></ul>

Capital One Finalizes $35 Billion Discover Purchase

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