Press release

DISCOVER FINANCIAL SHAREHOLDER ALERT: Kaskela Law LLC Announces Stockholder Investigation of Discover Financial Services (NYSE: DFS) and Encourages Long-Term Investors to Contact the Firm

PHILADELPHIA, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Shareholder law firm Kaskela Law LLC announces that it is investigating Discover Financial Services (NYSE:DFS) ("Discover Financial") on behalf of the company's long-term investors.

On July 19, 2023, Discover Financial disclosed in a statement that the company had misclassified some of its credit cards. Specifically, Discover Financial 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 to accept the cards for payment. Discover Financial indicated the company is discussing the matter with regulators and warned it could face future regulatory actions. Discover Financial also disclosed that it received a proposed consent order from the FDIC for a ...

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