UPDATE: AmEx (AXP) Slapped on Wrist in U.S. Card Practice Settlement; Total Payment at $112.5M
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American Express (AXP) Enters Settlements Over Certain U.S. Consumer Card Practices
October 1, 2012 12:07 PM EDTAmerican Express Company (NYSE: AXP) has reached settlements with several regulatory agencies to resolve previously disclosed reviews of certain aspects of the companys U.S. consumer card practices.
Similar settlements were reached with several of the companys subsidiaries, including American Express Centurion Bank; American Express Bank, FSB; and American Express Travel Related Services Company, Inc. The settlements were signed with the... More
CFPB Orders American Express (AXP) to Pay $85M Over Illegal Practices
October 1, 2012 11:35 AM EDTAs a result of todays order, American Express (NYSE: AXP) must repay an estimated $85 million to approximately 250,000 consumers. American Express will return the money directly into the accounts of the affected consumers. If the consumer no longer holds the American Express card,... More
