American Express to Pay $230 Million in Fines

American Express to pay $230 million to settle DOJ fraud probe, deceptive marketing claim
The American Express settlement follows recent agreements by Mastercard and Block to settle claims from prosecutors or regulators.
American Express to pay $109M to settle credit card marketing probe
American Express (NYSE:AXP) agreed to pay a $108.7M civil penalty to resolve allegations that the credit card company deceptively marketed credit card and wire transfer services to small businesses, the U.
American Express to pay $108.7 mln to settle deceptive marketing allegations, Justice Dept says
Credit card company American Express has agreed to pay $108.7 million to settle allegations that it engaged in deceptive marketing practices, the U.S. Justice Department said on Thursday.
American Express to pay $230mn to resolve deceptive marketing allegations
American Express will pay about $230mn to resolve a US federal investigation into allegations that it deceptively marketed credit card and wire transfer products to small businesses. The Department of Justice said the alleged practices involved making false assertions from 2018 to 2021 to small business customers that its Payroll Rewards and Premium Wire products carried certain tax benefits.
American Express to pay $109M to settle DOJ probe, finalization of Fed settlement pending
American Express (AXP) agrees to pay $108.7M civil penalty for deceptive marketing of credit card and wire transfer services, DOJ says.
American Express to Pay $230 Million in Fines for Aggressive Sales Practices
The Wall Street Journal had reported on a series of deceptive and strong-arm tactics the card company used to increase small business sign-ups.
American Express settles probe for $230 million
American Express Company (NYSE:AXP), a prominent player in the consumer finance industry with revenue of $59.24 billion, has reached a settlement with the U.S. Department of Justice and the Federal Reserve Board over an investigation into the company's past sales practices targeting small business customers.
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