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Amex reveals U.S. probes into business, consumer cards sales practices

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Federal investigators began probing American Express Co's small business and consumer cards sales practices in January, the company disclosed on Friday.

FILE PHOTO: An American Express credit card is seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration

Amex received a subpoena from the United States Attorney’s Office for the Eastern District of New York regarding its small business cards sales practices, Amex said in a regulatory filing. The Consumer Financial Protection Bureau also demanded information on its sales practices related to consumers.

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