The Federal Reserve System approved Capital One's acquisition of a credit card that represents 4% of all cad sales.

Capital One, based in McLean, Virginia, said it expects to complete the acquisition on May 18 now that it’s received all required regulatory approvals. Shareholders of both companies approved ...

Tysons, Virginia-based Capital One Financial is now the nation’s largest issuer of credit cards after receiving final regulatory approval for its acquisition of Discover Financial.