American Express (NYSE:AXP) agreed to pay a $108.7M civil penalty to resolve allegations that the credit card company deceptively marketed credit card and wire transfer services to small businesses, the U.

American Express has agreed to pay nearly $109 million in fines related to deceptive marketing and false account allegations, the Justice Department announced Thursday.

Credit card company American Express has agreed to pay $108.7 million to settle allegations that it engaged in deceptive marketing practices, the U.S. Justice Department said on Thursday.

American Express said on Thursday it will pay about $230 million to settle criminal and civil probes into alleged deceptive practices in selling credit card and wire transfer products to small business customers.

American Express has agreed to pay a $108.7 million civil penalty to resolve allegations it deceptively marketed credit card and wire transfer products, according to the Justice Department.

American Express will pay approximately $230 million to resolve federal investigations into allegations of wire fraud and deceptive marketing practices. The settlement includes a non-prosecution agreement with the U.

AmEx provided inaccurate tax advice to customers and potential customers, the U.S. Attorney for the Eastern District of New York’s office said

The New York-based financial giant provided inaccurate tax advice to customers and potential customers on wire products mainly aimed at small and mid-size businesses, New York tax officials said. View