New York Attorney General Letitia James is investigating Capital One Financial Corp's (COF) proposed acquisition of Discover Financial Services (DFS), valued at over $35 billion, over consumer concerns. The state's Attorney General office is looking into whether the deal is violating New York's antitrust laws.

Capital One originally announced in February 2024 that Discover had agreed to the merger terms while awaiting regulatory approval.

Catalysts anchors Seana Smith and Madison Mills explore this story.

Capital One is set to report third quarter earnings after Thursday's market close.

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This post was written by Luke Carberry Mogan.