Justice Dept.: American Express Agrees to Pay $108.7M to Settle Allegations of Deceptive Marketing and "Dummy" Account Information
January 17, 2025
January 17, 2025
WASHINGTON, Jan. 17 -- The U.S. Department of Justice issued the following news release on Jan. 16, 2025:
The American Express Company (American Express), based in New York, New York, has agreed to pay a $108.7 million civil penalty to resolve allegations that it violated the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) by deceptively marketing credit card and wire transfer products and by entering "dummy" Employer Identification Numbers in . . .
The American Express Company (American Express), based in New York, New York, has agreed to pay a $108.7 million civil penalty to resolve allegations that it violated the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) by deceptively marketing credit card and wire transfer products and by entering "dummy" Employer Identification Numbers in . . .