Thursday, May 2, 2024

American Express paying customers back nearly $80 million following investigation

amexAre you an American Express cardholder? If so, you may be entitled to a refund.

“American Express has agreed to pay at least $75.7 million to end an investigation into what regulators said was misleading marketing of some discontinued card products,” reports The Associated Press. That amount includes $59.5 million in refunds to more than 335,000 customers and $16.2 million in fines.

Most of the refunds have already been paid, and AmEx has stopped offering the products.

Read the full story at Yahoo finance.

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