CFPB may seek more fines and refunds, AmEx says

11/1/2012 |

American Express may pay more in penalties and refunds than the nearly $113 million it agreed in a settlement with the Consumer Financial Protection Bureau to pay over violations about late fees and debt-collection policies. According to regulatory filings, AmEx says ongoing discussions with regulators could result in more action. It's possible issues stem from add-on credit card products, which have been the source of increasing CFPB scrutiny.

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