American Express To Pay Out $85 Million To Customers For Variety Of Consumer Violations

American Express is feeling the sting of an $112.5 million spanking from the Consumer Financial Protection Bureau, following an investigation that found that three subsidiaries of the credit card company had violated several consumer rights, from misleading ads to age discrimination to unlawful late fees. “[A]t every stage of the consumer experience, from marketing to enrollment to payment to debt collection, American Express violated consumer protection laws,” reads a statement from the CFPB. More