Discover Bank news and trends

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

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 unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

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

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 unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Quick Reads
FDIC and Federal Reserve Fine Discover, Alleging Credit Card Misclassification

April 18, 2025
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 cards as commercial, thereby requiring merchants to pay higher interchange fees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS […]

Discover to Sell $10.1 Billion Private Student Loan Portfolio

July 17, 2024
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 unlimited free access to all...

FDIC Ends Money Laundering Consent Order With Discover Financial Unit

September 01, 2017
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 unlock this article and enjoy...