The Federal Reserve Board said Friday it will hold three public hearings on Capital One Financial Corp.'s proposed $9 billion purchase of online bank ING Direct USA.

After the market's close, the Fed released details of the meetings, which will be held on Sept. 20, Sept. 27 and Oct. 5, in Washington, D.C., Chicago, Ill., and San Francisco, Calif., respectively. The Fed also agreed to extend the public comment period on the deal until Oct. 12.

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