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American Express to pay $112.5M for illegal credit card practices
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Banking, Consumer Protection
Tuesday, October 2, 2012
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Three American Express subsidiaries will refund an estimated $85 million to customers and pay an additional $27.5 million in fines following an investigation of the company’s credit card practices conducted by the CFPB and other federal and state regulators. Read on to learn about the problems investigators say they found at the company.
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