April 3 (Reuters) - Capital One Financial Corp ( COF ) got a greenlight from the Justice

Department for its proposed acquisition of Discover Financial Services ( DFS ) after the DOJ

told other regulators looking into the merger that it doesn't see sufficient competition

concerns to block the deal, the New York Times reported on Thursday.

The Office of the Comptroller of the Currency (OCC) and the Federal Reserve will review the

merger with input from the DOJ.

The DOJ sent a letter to the Federal Reserve and the Office of the Comptroller of the

Currency saying it had concluded its investigation and did not believe there were concerns that

warranted blocking the deal, the report said, citing people familiar with the matter.

"Our deal with Discover Financial complies with the Bank Merger Act's legal requirements and

we remain well-positioned to gain approval," a Capital One spokesperson told Reuters but the

company declined to comment further on the approval.

Unveiled in February 2024, the $35 billion deal would create the biggest U.S. credit card

issuer by balances, the sixth-largest bank by assets, and it would also give Capital One control

of Discover's card payment network - the fourth major payment network operator.

A spokesperson for the DOJ declined to comment, whereas Discover Financial did not

immediately respond to a Reuters request for comment.