| Rocket Eyes Redfin As
Anticompetitive Capital One
Discover Merger Pends Amid
FOIA Appeal
by
Matthew R. Lee
SOUTH
BRONX, March
11 – After Capital One applied
to buy Discover, in an
anticompetitive deal that
should be rejected by
regulators, now Rocket
announces a plan to buy
Redfin. Expect more -
including questions.
On March 3, days
after the CFPB dropped its
lawsuit against Capital One,
the OCC suddenly declared
Capital One "Outstanding"
under the Community
Reinvestment Act. Who's in
the OCC's wallet, now?
Back on July 26,
after a FOIA appeal - and
after closing the public
comment period - the OCC
belatedly gave Inner City
Press documents showing
Capital One briefed the OCC on
a "big" deal in November 2023;
it was code named "Project
Sirius." That and more now on
Inner City Press'
DocumentCloud here
Now Inner
City Press' FOIA to the Fed
resulted in 1000 plus pages,
but redactions. It appealed,
and on March 11 was granted
expedited processing. But will
they rule on FOIA before they
rule on the merger? Watch this
site.
***
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