American Express forced to refund customers, pay fine

American Express forced to refund customers, pay fine

Credit: Bryan Bedder/Getty Images for American Express

NEW YORK, NY - APRIL 17: A general view of atmosphere at the Tribeca Film Festival Opening Night co-sponsored by American Express on April 17, 2013 in New York City.

Print
Email
|

by KHOU.com staff

khou.com

Posted on December 24, 2013 at 10:20 PM

Just in time for Christmas, American Express is handing out millions in refunds to its customers.

The federal government has ordered the company to pay $60 million for "unfair billing tactics" and "deceptive marketing."

Authorities said AmEx billed for identity protection that it did not provide and charged unfair monthly fees that put customers over their credit limit.

More than 300,000 people will get checks in the mail.

Print
Email
|