| Fed Extends Its Time
on FOIA Appeal of Capital
One Talks as Rocket Eyes Mr
Cooper
by
Matthew R. Lee
SOUTH
BRONX, April
3 – After Capital One applied
to buy Discover, in an
anticompetitive deal that
should be rejected by
regulators, now Rocket
announces a plan to buy Mr.
Cooper, after 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.
Now on April 3,
another extension: "we are
extending the period for our
response until April 17, 2025,
in order to consult with two
or more components of the
Board having a substantial
interest in the determination
of the appeal. If a
determination can be made
before April 17, 2025, we will
respond to you promptly." So
will they rule on FOIA before
they rule on the merger? Watch
this site.
***
Your
support means a lot. As little as $5 a month
helps keep us going and grants you access to
exclusive bonus material on our Patreon
page. Click
here to become a patron.
Feedback:
Editorial [at] innercitypress.com
SDNY Press Room 480, front cubicle
500 Pearl Street, NY NY 10007 USA
Mail: Box 20047, Dag
Hammarskjold Station NY NY 10017
Reporter's mobile (and weekends):
718-716-3540
Other, earlier Inner City Press are
listed here,
and some are available in the ProQuest
service, and now on Lexis-Nexis.
Copyright 2006-2024 Inner City
Press, Inc. To request reprint or other
permission, e-contact Editorial [at]
innercitypress.com
|
,
