Monday, September 24, 2012

Discover to refund $200 million to customers for deceptive telemarketing

http://money.cnn.com/2012/09/24/pf/discover-penalty-telemarketing/index.html?hpt=hp_t1

 
NEW YORK (CNNMoney) -- Discover Bank has agreed to refund $200 million to more than 3.5 million cardholders over claims of deceptive telemarketing.
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 about additional products that can be bought when opening credit cards.

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