They talk about the benefits and drawbacks of Capital One merging with ING Direct USA, and how the Federal Reserve Bank is treating this merger.
CapitalOne Merger With ING Direct: S06E19 / 148
Table of contents
[00:00] Introduction from Bryan J Busch
[00:33] Interview with John Taylor
– [00:46] The merger between CapitalOne and ING Direct is not a done deal
– [01:50] Ongoing criticism of the merger
– [03:40] CapitalOne’s risk increases with its size
– [06:56] What could change for ING Direct customers?
– [09:41] How the Dodd-Frank bill affected this merger
– [11:35] The free market needs to be paired with fairness
– [13:12] Privacy may play too big a role in such mergers
– [15:17] What can ING Direct employees expect to see change?
– [16:14] The Fed should require more transparency
– [18:00] Capital One made a $180B pledge that may be ignored
– [18:49] The Federal Reserve Bank has taken small steps toward serving the public
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Updated April 13, 2016 and originally published February 19, 2012. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.