Discover (DFS) Announces $200 Million Refund to Customers

Discover Bank, the Federal Deposit Insurance Corporation (FDIC) and the Consumer Financial Protection Bureau (CFPB) announced Discover will make a $200 million consumer refund for "deceptive marketing" to more than 3.5 million credit card customers. The agencies conducted a year-long investigation into telemarketing and sales tactics that they said "misled" consumers into paying for credit card "add-on products." The agencies said Discover implied that the products were free. The services...Full Story
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