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The Consumer Financial Protection Bureau (“CFPB”) recently announced its latest round of multi-hundred million dollar settlements of enforcement actions, all against major credit card issuers. Since July, three enforcement actions led by the CFPB have resulted in restitution payments and penalties in excess of $536 million payable to more than five and a half million customers, the CFPB, and other coordinating federal agencies. On September 24, 2012, the CFPB and the Federal Deposit Insurance Corporation (“FDIC”) agreed to a joint settlement with Discover Bank (“Discover”) to resolve enforcement actions. Pursuant to the Consent Order, Discover agreed to refund $200 million to three and a half million customers who purchased its credit card “add-on” products and to pay a $14 million fine, half payable to the CFPB’s Civil Penalty Fund and half going to the FDIC.