Tags: merchant

FDIC Slams Discover with $250M Fine: Major Merchant Restitution Required!
Payments and Digital Banking

FDIC Slams Discover with $250M Fine: Major Merchant Restitution Required!

supportApr 22, 2025

The Federal Deposit Insurance Corporation (FDIC) has taken enforcement actions against Discover Bank due to misclassifying credit cards, resulting in over $1 billion in overcharges…

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