American Express Centurion Bank
The CFPB ordered American Express to refund an estimated $59.5 million to more than 335,000 consumers for illegal credit card practices. These practices included unfair billing tactics and deceptive marketing with respect to credit card “add-on products” such as payment protection and credit monitoring. American Express will pay an additional $9.6 million in civil penalties to the CFPB.
Order terminating consent order
CFPB Orders American Express to Pay $59.5 Million for Illegal Credit Card Practices