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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GE CareCredit to Refund $34.1M for Deceptive 'Deferred Interest', CFPB Says

Consumers who signed up for a credit card to pay for dental, cosmetic, vision, or veterinary care through CareCredit, a division of General Electric, were provided little warning or explanations about “deferred interest” penalties and fees tied to these loans, the Consumer Financial Protection Bureau said Tuesday.

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