American Express to pay $75.7 mn for overbilling | Bangkok Post: news

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American Express to pay $75.7 mn for overbilling

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Credit-card giant American Express Tuesday announced a $75.7 million settlement to resolve charges that it overbilled consumers and misled customers on services provided. 

A sign showing the American Express logo is seen outside of a restaurant on November 11, 2008 in Des Plaines, Illinois

American Express, a Dow component, will pay $16.2 million in fines and at least $59.5 million in customer remediation, the company said.

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