| On Discover
Merger Fed Ex Parte Met
Capital One Withheld
FOIA Docs 1 Year Now
Here
by
Matthew R. Lee
SOUTH
BRONX, March
4 – Before Capital One
announced and applied to buy
Discover, they and their law
firm were allowed to meet
secretly with the Federal
Reserve.
After they
applied late March 20,
Inner City Press submitted a
Freedom of Information Act
request to the Fed. While they
granted expedited treatment,
they delayed nearly a near
before on March 4 dumping over
1000 redacted pages.
These
begin with ex parte meetings
between the bank, its law firm
and the Fed - telephone calls
in February 2024, and a
meeting inside the Fed on
March 7, 2024 (the Fed waited
until March 4, 2025 to
disclose this). 1000 page on
Inner City Press'
DocumentCloud here.
200+ more pages here.
FOIA determination letter here
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 and Fed'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."
Then overly
chummy texts from Andy
Navarrete, who testified at
the public meeting, and Pient
Tran to the OCC's Marci
Heppner and others.
For example, Andy
to Marci, sorry for the late
ping, if Richard wanted to
call, could you do a 1:1 Zoom
at 7:30 [pm]. But of course.
That and more on the OCC
on Inner City Press'
DocumentCloud here
***
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