Attention

The opinions expressed by columnists are their own and do not represent our advertisers

Tuesday, September 25, 2012

Feds Order Discover To Refund $200M To Cardholders

Discover Bank will pay millions in fees to settle accusations by regulators that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring.

Discover, the sixth-biggest U.S. credit card issuer, will pay a $14 million fine and refund $200 million directly to more than 3.5 million customers, federal authorities said Monday.

The company’s call-center workers enrolled customers in the programs without their consent, misled them about the benefits and left customers thinking the products were free, regulators said.


 More

1 comment:

Anonymous said...

57 dollars each.