Company Directory - Discover Financial Services
Company Details - Discover Financial Services
Discover Financial Services
WebsiteRiverwoods, United States
Discover Financial Services is a financial services company known for its innovative cash back credit cards, along with providing a variety of banking products including savings accounts and certificates of deposit (CDs). The company seeks to offer its customers value through rewards, great customer service, and digital capabilities.
CCI Score
CCI Score: Discover Financial Services
21.04
-0.01%
Latest Event
Discover Financial Services PAC Contributes to Federal Candidates
Discover Financial Services PAC contributed a total of $246,500 in the 2023-2024 election cycle, with approximately 60.85% going to Democratic candidates and 38.13% to Republican candidates, as reported by Federal Election Commission data released on February 06, 2025.
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SABOTEUR
Discover Financial Services is currently rated as a Saboteur.
Latest Events
- FEB062025
Discover Financial Services PAC contributed a total of $246,500 in the 2023-2024 election cycle, with approximately 60.85% going to Democratic candidates and 38.13% to Republican candidates, as reported by Federal Election Commission data released on February 06, 2025.
+10
Political Contributions and Lobbying Efforts
April 14
The PAC's contributions show a mixed political funding pattern: a majority allocation to Democratic candidates supports progressive anti-fascist agendas, but a substantial portion to Republican candidates dilutes the overall impact. This balanced approach results in a modestly positive score from an anti-fascist perspective.
Discover Financial Services PAC Contributions to Federal Candidates
- DEC312024
FEC data outlines the contributions and expenditures of Discover Financial Services' Political Action Committee for the reporting period from 2023 to December 31, 2024. The filing details typical corporate political spending without explicit evidence of targeting extremist or authoritarian candidates.
+0
Political Contributions and Lobbying Efforts
April 14
The financial summary from the FEC shows routine corporate political activities carried out through the Political Action Committee. There is no indication that these funds were used to promote authoritarian or far‐right policies, resulting in a neutral score from a public and political behavior perspective.
DISCOVER FINANCIAL SERVICES POLITICAL ACTION COMMITTEE - committee overview
- MAR112024
Discover Financial Services agreed to settle a four-year class action lawsuit alleging that its lending practices discriminated against DACA recipients. The settlement, which includes $979,500 in compensation and required policy changes to ensure DACA recipients receive loan terms comparable to U.S. citizens, marks a move toward greater fairness and inclusion in access to credit.
+80
Business Practices and Ethical Responsibility
April 14
By agreeing to settle a class action suit over alleged lending discrimination against DACA recipients, Discover demonstrated corrective action in its business practices. The decision to change lending policies and establish a compensation fund for impacted individuals represents a commitment to ethical responsibility and promotes equitable access to financial services for a marginalized community.
Discover Agrees to Settle Class Action Lending Discrimination Suit Brought By DACA Recipients
- JAN012024
Discover Financial Services released a comprehensive Human Rights Commitment Statement outlining its commitment to upholding international human rights standards. The statement, informed by the ILO Declaration and the UN Universal Declaration of Human Rights, emphasizes the company's dedication to equitable treatment for employees, ethical practices among suppliers, and community engagement.
+80
Labor Relations and Human Rights Practices
April 14
The statement clearly affirms Discover's commitment to human rights and robust labor practices by referencing internationally recognized declarations and embedding diversity, equity, and inclusion within its corporate ethos. This proactive stance supports worker rights and combats authoritarian labor exploitation.
+70
Supply Chain Ethics
April 14
The commitment extends to ethical engagement with suppliers by establishing expectations for upholding human rights and preventing abuses in the supply chain. This initiative contributes to ethical sourcing and accountability in business practices.
- OCT062023
A shareholder derivative suit alleges that Discover Financial Services' current and former officers and directors misled investors by assuring robust compliance and risk management measures while the company faced significant compliance failures, including the misclassification of credit card products and issues in its student loan servicing practices. The suit follows the suspension of its share repurchase program during an internal investigation in July 2022.
-60
Business Practices and Ethical Responsibility
April 14
The article details allegations that senior leaders at Discover Financial Services misled investors about key compliance failures, undermining ethical corporate governance and accountability. This misrepresentation, which contributed to financial uncertainty and triggered legal action, reflects poor business practices and ethical responsibility.
Discover Leaders Sued Again Over Compliance Issues, Stock Drops
- JUN052023
Discover Financial Services (UK) released its 2022 Modern Slavery Act Transparency Statement, detailing its supplier code of conduct, third-party risk management program, and comprehensive due diligence processes aimed at preventing forced labor, human trafficking, and other human rights violations across its supply chain. Approved by the Discover Financial Services (UK) Board on June 5, 2023, the document underscores the company's commitment to ethical business practices and transparency.
+75
Supply Chain Ethics
April 14
The statement outlines rigorous measures including a Supplier Code of Conduct and a comprehensive Third-Party Program guided by regulatory standards. These actions demonstrate a proactive and transparent approach in managing supply chain risks and upholding human rights, aligning with anti-fascist and human-rights oriented business practices.
- JAN012023
Discover Financial Services spent $1,930,000 on lobbying efforts in 2023, as reported by OpenSecrets. The report details the bills the company lobbied, highlighting its active engagement in political processes.
-40
Political Contributions and Lobbying Efforts
April 14
The significant lobbying expenditure of $1,930,000 in 2023 indicates a strong corporate effort to influence political decision-making. Such actions can entrench power structures that undermine public accountability and potentially support authoritarian policies, thereby negatively impacting marginalized communities.
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-7.50
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Corporate Financials
- Revenue
- 2025
- $12.00B
- Total Assets
- 2025
- $135.00B
- Operating Income
- 2025
- $4.50B
- Total Equity
- 2025
- $31.10B
Industries
- 522210
- Credit Card Issuing
- 522320
- Financial Transactions Processing, Reserve, and Clearinghouse Activities
- 541219
- Other Accounting Services