Discover Bank

2012 Community Banks / Credit Unions
CFPB Consumer Financial Violation
Penalty
$200 million

Outcome

Discover Bank was subject to a $200,000,000 enforcement action by the Consumer Financial Protection Bureau (CFPB).

Details

Discover Bank — $200,000,000 CFPB Enforcement

Outcome: Discover Bank was subject to a $200,000,000 enforcement action by the Consumer Financial Protection Bureau (CFPB).

Action Type: enforcement-action

How Crucible Prevents This

Crucible's continuous compliance monitoring would have flagged the regulatory gaps that led to this CFPB enforcement action — through automated regulatory adherence checks, BSA/AML monitoring, consumer protection compliance tracking, and corrective action plan enforcement — preventing the violations before they triggered federal action.

Source: CFPB Enforcement Actions — Discover Bank

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