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Amex fined after staff misled customers

December 25th, 2013

American Express will pay $75.7m in fines and reimbursements to customers, after regulators found that its salesforce misled customers over the benefits of numerous credit card insurance products.

Some 335,000 Amex customers will receive compensation as a result of a settlement announced on Christmas Eve with three US regulators.

via Amex fined after staff misled customers – FT.com.

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