California Regulators Block Major Money Merger, Citing Antitrust Concerns

California state regulators, led by former CFPB Director Rohit Chopra, blocked a significant financial merger, drawing criticism from Mayor Zohran Mamdani. The decision highlights the growing power of state agencies in antitrust enforcement, potentially signaling a shift in merger review dynamics. The specific parties and terms of the merger are not disclosed, leaving the market impact uncertain.

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