AmEx Discloses DOJ, OCC Review Of Card Sales--Update
February 12 2021 - 4:23PM
Dow Jones News
By AnnaMaria Andriotis
Breaking News....
American Express Co. acknowledged Friday that government
agencies, including the Justice Department, have reviewed the
company's sales practices around small-business cards.
The company said in a regulatory filing that in May it began
responding to a regulatory review led by the Office of the
Comptroller of the Currency and the DOJ's civil division. AmEx said
the review was connected to "historical sales practices relating to
certain small business card sales."
The Wall Street Journal reported last month that federal
investigators were investigating whether AmEx used aggressive and
misleading sales tactics to sell cards to business owners.
(More to Come)
Write to AnnaMaria Andriotis at annamaria.andriotis@wsj.com
(END) Dow Jones Newswires
February 12, 2021 16:08 ET (21:08 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
American Express (NYSE:AXP)
Historical Stock Chart
From Mar 2024 to Apr 2024
American Express (NYSE:AXP)
Historical Stock Chart
From Apr 2023 to Apr 2024
