Complaints FDIC action. In July 2023, the Federal Deposit Insurance Corp. issued a consent order to Discover Financial Services, which addressed shortcomings in Discover Bank’s compliance management system in connection with consumer protection laws. While the FDIC didn’t issue a fine, Discover agr...
As you workto protect your bank account from fraud, two layers of defense are better than one. That’s where two-factor authentication comes in. With this method, you’ll need your password and another proof of identity like a one-time code sent to your phone in order to log in to an...
Discover Bank is an American financial service institution founded in 1985. Part of Discover Financial services, the Illinois-based firm is one of the largest direct banks in the US. Employing more than 16,000 individuals, Discover’s array of products include credit cards, personal loans, studen...
When recovering from being scammed, you may also want to enable alerts on your bank accounts to help you spot suspicious activity. Consider setting up alerts for every transaction or for transactions over a certain dollar amount. You may also be able to set up alerts for ATM withdrawals, or ...