Kevin Mussman, KOSI 101.1
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.
[ CNN ]
The money will be refunded to cardholders that purchased credit protection products over the telephone phone between December 2007 and August 2011. Each cardholder will get an average refund of about $57 for fees they paid for.