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Nonprofit calls for investigating Capitol One Cafes as unfair business practice

( October 30, 2025, 14:55 GMT | Official Statement) -- MLex Summary: Capitol One's replacing of bank branches with coffee shops violates the law that separates banking from commerce and is the kind of unfair competition antitrust laws were intended to stop, nonprofit advocacy group Americans for Financial Reform said in a statement. The "unlawful café bank marketing storefronts" Capitol One operates harm small businesses by stripping them of fair competition, and mean the financial system "becomes even more concentrated in the hands of Wall Street institutions that already dominate too much of daily life," AFR said, and urged constituents to contact their state attorney general "to launch a formal investigation" into the Capitol One coffee shops.Statement follows below: ...

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