Amex Settles for $230 Million Due to Deceptive Sales Practices
American Express Co. will pay about $230 million to resolve a long-running investigation into some of the firm’s prior sales practices which regulators said misled small-business owners. Amex reached agreements with federal prosecutors and the Federal Reserve to settle the allegations, according to statements from the parties involved. The misconduct stems from a practice where Amex workers offered…
