A third-party arbitrator, responding to a complaint filed by Discover Financial Services (DFS), has ruled that JPMorgan Chase (JPM) did not mislead consumers regarding its Chase Freedom credit card.

But the arbitrator also recommended that Chase discontinue an advertising claim — "Don't get shortchanged" — that disparaged Discover's cash rewards program.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.