Today on the Consumerism Commentary Podcast, Bryan J Busch talks to John Taylor, president and CEO of the National Community Reinvestment Coalition.
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
[20:49] End
We always welcome feedback from listeners. If you have any comments for this episode or for any other, or if you have suggestions for future episodes, please leave us comments here or email us at podcast at this domain name.
Theme music by Mindcube.
Updated February 21, 2012 and originally published February 19, 2012. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.
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Luke Landes founded Consumerism Commentary in 2003 and has been building online communities since 1990. Luke, also known as Flexo, has contributed to PC World Magazine, US News, Forbes, and other publications. 
{ 1 comment… read it below or add one }
these sunday podcasts are great especially this one regarding the capital one-ING Direct merger. As a sharebuilder customer, I am not a fan of CapitalOne & I don’t think this merger is going to be a win for customers.