CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header
NFL Preseason: Dallas Cowboys vs Miami Dolphins on CBS 11 & 105.3 The Fan at 6:00pm | Cowboys News

Consumer News

Feds Order Credit Card Company To Refund $200M

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

(CBS/AP) WASHINGTON – Discover Bank will pay millions in fees to settle accusations by U.S. regulators that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring.

Discover (DFS), 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.

Discover also improperly marketed products to help consumers cancel credit cards if their wallets were stolen and to protect them against identity theft.

♦♦♦Click Here To Read The Full Story On cbsnews.com♦♦♦

Also Check Out:

View Comments
Follow

Get every new post delivered to your Inbox.

Join 42,319 other followers