Discover To Refund $200 Million To Customers For Deceptive Telemarketing

pearlbrown | Sep 25, 2012 | 2,298 posts since 2010

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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