Sen. Schumer issues warning for consumers about a possible major credit card merger

Name: Sen. Schumer issues warning for consumers about a possible major credit card merger
Uploaded: 2024-04-07T18:56:00-0400
Duration: 39 s
Description: Earlier this year, Capital One said it would buy Discover for $35 billion. Schumer says the merger could mean higher interest rates, more fees, and less competition. CBS New York's Jessica Moore reports.

Earlier this year, Capital One said it would buy Discover for $35 billion. Schumer says the merger could mean higher interest rates, more fees, and less competition. CBS New York's Jessica Moore reports.