American Express Ordered to Refund Consumers Nearly $60 Million

December 24, 2013   // 0 Comments

by Frederick H. Lowe The U.S. Consumer Financial Protection Bureau today ordered American Express Co., the New York-based credit - and charge-card issuer led by Kenneth I. Chenault, to refund an estimated $59.5 million to more than 335,000 consumers for illegal credit-card practices.  American Express was also ordered to pay an additional $9.6 million in civil penalties to CFPB, which is based i...

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