Assistant Attorney General of the DOJ Antitrust Division Jonathan Kanter warned that the digital platform space, as it currently stands, is especially susceptible to monopolies and identified strategies for curbing the expansion of would-be monopolies.
Assistant Attorney General Jonathan Kanter reported that the DOJ Antitrust Division is engaging the entire merger staff of both the DOJ and FTC in anticipation of issuing new draft merger guidelines.
House Financial Services Committee Chair Maxine Waters (D-CA) challenged FDIC Chair Jelena McWilliams to cite the legal authority relied on for halting a review of the bank merger process.
The DOJ's Antitrust Division requested feedback from the public regarding the 1995 Bank Merger Competitive Review Guidelines as to whether current bank merger review is sufficient to prevent harmful mergers and accounts for the full range of competitive factors under the laws.
CFPB Director and FDIC Board Member Rohit Chopra criticized FDIC Chair Jelena McWilliams for preventing an FDIC Board vote to publish a Request for Information on the FDIC's Bank Merger Act regulations, even though the Request had support from a majority of the FDIC Board.