Tag: consent agreement

  • Discover, FDIC reach consent agreement

    Discover, FDIC reach consent agreement

    In a significant development for the financial services industry, Discover Financial Services and the Federal Deposit Insurance Corporation (FDIC) have reached a consent agreement. The agreement resolves allegations related to Discover’s marketing practices, particularly regarding deceptive telemarketing and sales tactics in connection with its banking products. The consent agreement, announced on [date], puts an end…