A settlement with multiple regulators over allegations of deceptive marketing practices and dishonest debt collection will cost American Express a total of $27 million in civil penalties and $85 million in restitution to more than 250,000 consumers.
Those totals represent separate settlements reached with the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Utah Department of Financial Institutions.
