Consumer Group Opposes Capital One-North Fork Deal

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00017752-consumer-group-opposes-capital-one-north-/

New York-based consumer watchdog Inner City Press/Fair Finance Watch announced yesterday that it will fight the recently announced merger between Capital One and North Fork Bancorp, according to a story by Reuters.

In a statement, the group said that it is opposed to the merger because of “lending disparities, consumer abuse in Capital One’s credit card marketing and lending and both banks’ enabling of high cost fringe finance.”

For the entire story, please visit Consumer Group Opposes Capital One-North Fork Deal.