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American Express to pay $230M to settle deceptive marketing, fraud probe

7 1
17.01.2025

American Express has agreed to pay $230 million to settle a federal probe into deceptive marketing practices and civil fraud allegations, the Department of Justice (DOJ) announced Thursday.

Under the settlement released by the DOJ, American Express has agreed to pay a more than $108 million civil penalty to resolve allegations the company violated the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA).

In a separate release, the DOJ said American Express entered into a nonprosecution agreement, agreeing to pay more than $138 million for engaging in sales practices that provided consumers with incorrect tax advice.

The DOJ argued the New York-based company........

© The Hill


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