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

  • 📰 Reuters
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines