The Federal Deposit Insurance Corp. has ended a 2014 consent order with Discover Financial Services” banking unit. According to a report in American Banker the consent order has to do with the programs Discover Bank has in place to fight money laundering. Under the deal...
July 17, 2024
Discover Financial Services plans to sell its $10.1 billion private student loan portfolio. The company’s Discover Bank entered into an agreement to sell the portfolio to one or more strategic partnerships made up of funds and accounts managed by global investment firms Carlyle and KKR, Discover said in a Wednesday (July 17) press release. The purchase price is expected to be […]
September 01, 2017
The Federal Deposit Insurance Corp. has ended a 2014 consent order with Discover Financial Services” banking unit. According to a report in American Banker the consent order has to do...
