Key Points
The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. climbed 7% on Monday after the bank agreed to improve its consumer compliance and related corporate governance as part of a consent order with the Federal Deposit Insurance Corp (FDIC)...
"Discover Bank has been taking significant steps to strengthen the organization's compliance management system and address the other issues identified in the consent order," the lender said in a filing with the U.S. Securities and Exchange Commission on Friday...
At the time, the bank's shares tanked after it also disclosed a regulatory review over some incorrectly classified credit card accounts from around mid-2007 unrelated to the FDIC consent order...
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