Discover Bank Gets Another Outstanding on CRA Assessment

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June 24, 2020

Discover Bank has received an Outstanding rating on its Community Reinvestment Act (CRA) review, a process that assesses banks’ record of helping to meet the credit needs of low- and moderate-income neighborhoods.

It is the fifth time in six exam cycles since 2004 that the bank, which is primarily a marketer and originator of credit cards and the operator of the Discover Network credit card interchange, has received an Outstanding rating from the Federal Deposit Insurance Corp. (FDIC).

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