WASHINGTON - Discover Bank will pay millions of dollars to settle accusations by regulators that it pressured credit card customers to buy payment protection and credit monitoring services without their consent.
Regulators said Monday that customers were led to believe the products were free.
Now, Discover will pay $14 million in fines and refund $200 million to more than 3.5 million customers. Those affected can expect credits to their accounts or a check in the mail.
The action was taken by the new Consumer Financial Protection Bureau and the Federal Deposit Insurance Corporation, which was created in 2010 under the financial overhaul law to protect consumers from financial threats.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The man who fled from Montville police and crashed into a truck planned to commit suicide by cop, his ex-girlfriend told officers.
The Jodi Arias murder trial has drawn international attention for its graphic tales of sex and lies. The following is a timeline of some of the key events in the case.