American Express agrees to $109 million fine for deceptive marketing

American Express to pay $138M to resolve investigation into sales and marketing

NEW YORK (AP) — American Express has agreed to pay more than $138 million to resolve a wire fraud investigation related to its sales and marketing practices, federal authorities announced Thursday.

American Express agrees to $109 million fine for deceptive marketing

American Express has agreed to pay nearly $109 million in fines related to deceptive marketing and false account allegations, the Justice Department announced Thursday.

American Express to pay more than $138 million for promoting nonexistent tax breaks

American Express has agreed to pay more than $138 million to resolve a wire fraud investigation related to its sales and marketing practices, federal authorities announced Thursday.

Ticker: Mortgages hit 7% with fifth straight jump; Amex to pay $138M wire-fraud settlement

The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months. The rate rose to 7.04% from 6.93% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.6%. It has risen for five straight weeks. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also rose this week. The average rate i…

American Express to pay $138M in settlement

The company marketed products to small and mid-size businesses, relying on 'incorrect tax advice,

American Express to pay $138M to settle sales and marketing investigation

American Express, a titan in the financial services industry, has been compelled to pay $138 million to settle allegations of providing misleading tax advice. The fine, announced by federal authorities, marks a significant moment for the company, underlining the severe consequences of misrepresenting financial products. Misleading tax benefits: what went wrong The controversy centres around American Express’s promotion of wire products targeted …