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Discover To Refund $200 Million To Customers For Deceptive Telemarketing

Tuesday, September 25, 2012 - 9:32 AM
From CNN Money via Yahoo Finance:
The Consumer Financial Protection Bureau and the Federal Deposit Insurance Corporation announced the agreement Monday, following a joint investigation that found Discover's telemarketing and sales strategies misled consumers.
In addition to refunding customers, Discover Bank, a subsidiary of Discover Financial Services, will pay a $14 million penalty that will be split between the two regulators.

 
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pearlbrownpearlbrown1,479 posts since
Nov 2, 2010
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