American Express is paying $112.5 million in refunds and fines to settle regulators' accusations that it charged unlawful late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services.
The problem with most daily deal sites is that the bargains you're offered aren't necessarily the ones you want. That's where Amazon thinks it can gain an advantage, by leveraging its signature product recommendation technology.
The best gas cards combine generous rebates and industry-standard interest rates. In our ongoing series examining the best and worst credit card offers out there, we ask: Does American Express' Blue Cash Preferred card measure up?
The Justice Department filed an antitrust lawsuit against American Express Monday, alleging that the financial institution has been engaging in anticompetitive practices. Justice also said it reached a proposed settlement with Visa and MasterCard over similar charges.
Increased consumer spending helped boost second quarter earnings for credit card giant American Express Thursday, which reported a $1 billion profit, nearly tripling the $337 million it reported for the a year ago quarter.
Affluent Americans are starting to spend more and pay back their debt on time. At least, that is what American Express's fourth-quarter results seem to indicate. The financial services giant's net income soared 198%.
