American Express to Pay $59.5M in Refunds Over 'Illegal Credit Card Practices'

Federal regulators have ordered American Express to refund an estimated $59.5 million to more than 335,000 consumers for “illegal credit card practices” and pay $9.6 million in civil penalties. The alleged practices included unfair billing tactics and deceptive marketing of credit card “add-on products” — such as payment protection and credit monitoring.

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