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American Express Says It Will Refund $85 Million

October 1, 2012

New York Times

American Express will reimburse $85 million to about 250,000 customers to resolve accusations that the company violated federal law in its marketing, billing and debt collection practices, the company and the government said Monday.

Read the New York Times article here http://www.nytimes.com/2012/10/02/business/american-express-to-refund-85-million.html?_r=0.

Read the CFPB's press release here (http://www.consumerfinance.gov/pressreleases/cfpb-orders-american-express-to-pay-85-million-refund-to-consumers-harmed-by-illegal-credit-card-practices/)

 





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