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Discover to pay fine
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.
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