Discover Bank

FDIC and Federal Reserve Fine Discover, Alleging Credit Card Misclassification
FDIC and Federal Reserve Fine Discover, Alleging Credit Card Misclassification
April 18, 2025  |  Bank Regulation

The Federal Deposit Insurance Corp. (FDIC) and the Federal Reserve Board fined Discover Financial Services and two subsidiaries, Discover Bank and DFS Services LLC, alleging that they misclassified consumer credit...

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Discover to Sell $10.1 Billion Private Student Loan Portfolio
Discover to Sell $10.1 Billion Private Student Loan Portfolio
July 17, 2024  |  Loans

Discover Financial Services plans to sell its $10.1 billion private student loan portfolio. Get the Full Story Complete the form to unlock this article and enjoy...

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FDIC Ends Money Laundering Consent Order With Discover Financial Unit
FDIC Ends Money Laundering Consent Order With Discover Financial Unit
September 01, 2017  |  Security & Fraud

The Federal Deposit Insurance Corp. has ended a 2014 consent order with Discover Financial Services” banking unit. Get the Full Story Complete the form to...

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