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Discover accused of deceit, will refund $200 million

By EDWARD WYATT THE NEW YORK TIMES

Posted: September 25, 2012 at 2:51 a.m.

STEVEN SENNE
Credit: AP
 A Discover logo is seen in a window at the entrance of a shop in Cambridge, Mass., on Monday. Discover Bank is paying $214 million to settle charges that it pressured credit-card customers to buy costly add-on services such as payment protection and credit monitoring.

Discover Financial Services has agreed to pay $200 million in refunds to more than 3.5 million cardholders who bought credit-protection services over the phone, plus another $14 million in civil penalties to banking regulators.

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Front Section, Pages 1 on 09/25/2012

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