NEW YORK, Aug. 30, 2023 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against Discover Financial Services ("Discover" or the "Company") (NYSE:DFS). The investigation concerns whether Discover and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
Discover operates as a credit card issuer and electronic payment services company, offering student and personal loans, as well as savings products such as certificates of deposit and money market accounts.
On July 19, 2023, Discover disclosed that the Company had misclassified some of its credit cards. Specifically, Discover revealed that it misclassified certain credit card accounts into its highest pricing tier, starting in 2007, meaning merchants were charged more than they should have been ...
DFS)>Full story available on Benzinga.com