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Discover to pay fine

Discover to pay fine

By Daniel Gutierrez. CREATED Sep 24, 2012

Discover is giving refunds to some of it's cardholders. The company has agreed to pay back $200 million in service fees.

The move comes after a joint-investigation by the Federal Deposit Insurance Corporation and the Consumer Financial Protection Bureau. They determined Discover engaged in deceptive telemarketing tactics, selling various services like payment protection and credit score tracking. As part of the agreement, Discover will also pay $14 million in civil penalties.