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CFPB's Punishment May Not Fit Discover's Crime--But Could Be a Harbinger of Things to Come

2015-07-24 22:41:38| Agriculture - Topix.net

NEW YORK - Discover Bank's agreement to settle charges that its debt collection and student loan servicing practices were illegal was essentially a make-good for its ripped-off customers. Of the $18.5 million Discover has agreed to pay, only $2.5 million represents the actual fine.

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