Discover Ups Liability Costs For Card Pricing Issue To $1.2B

By Katryna Perera (May 2, 2024, 4:42 PM EDT) -- Discover Financial Services has put a $1.2 billion price tag on remediation for its previously disclosed credit card pricing misclassification, which is now the subject of a U.S. Securities and Exchange Commission investigation, representing an increase of nearly 230% from the $365 million liability it recorded nearly a year ago....

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