Discover Financial Services Says Card Product Misclassification Probes Resolved; Shares up

MT Newswires Live

2025/04/21

Discover Financial Services (DFS) shares rose 1.6% in recent Monday trading after the company said that banking regulators have issued orders resolving their investigations on the previously disclosed card product misclassification issue.

Together, the Federal Deposit Insurance Corporation and the Federal Reserve Board assessed civil money penalties of $250 million, the company said in a regulatory filing Friday.

On the same day, Discover Financial Services and Capital One Financial (COF) said that all the needed regulatory approvals to complete the merger have been received.

Price: 162.38, Change: +2.75, Percent Change: +1.72

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