American Express to Pay $230 Million in Federal Settlement Over Fraud Allegations
American Express has agreed to pay $230 million to resolve federal allegations of deceptive marketing practices and civil fraud, the U.S. Department of Justice (DOJ) announced Thursday. The settlement includes a $108 million civil penalty for alleged violations of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA). Additionally, the company has entered a non-prosecution…
